Tallinn hosted the annual Baltic Carbon Forum 2025, held in the very heart of the capital — at the Radisson Blu Hotel Olümpia, from October 9 to 10.
Dr Kazbulat Shogenov (CEO of SHOGenergy) with Dr Alla Shogenova (director of research at SHOGenergy), participated in the forum representing Tallinn University of Technology, Department of Geology and SHOGenergy.
Dr Alla Shogenova served as a session chair.
👨🏫 Dr Kazbulat Shogenov delivered an oral presentation, presenting the latest results of our ongoing CTS project:
“Techno-Economic CCUS Modelling for the Baltic Offshore Cross-Border Scenario Using Direct Injection from Ships.”
🎉 During the conference, we received historic news — the Latvian Parliament approved geological CO₂ storage in the country’s subsurface!
Dr Kazbulat Shogenov made an emotional statement about it. This is a legendary milestone for our Shogenergy team. We’ve been working toward this for 20 years — it’s the work of our scientific lives!
ℹ️ Dr Kazbulat Shogenov also spoke about the most promising geological structure in the Latvian offshore territory — E6 (30 km from the coast), highlighting its uniqueness and storage potential. This structure was part of his doctoral research.
📊 In the Baltic Scenario, it was considered 16 CO₂ emitters from three countries, which together produced 9.4 million tons of CO₂ in 2023.
📊 Over the operational period 2031–2065, 353 million tons of CO₂ will be captured, and 280 million tons injected into the E6 structure at depths over 800 m using six specially designed ships.
These vessels will collect captured CO₂ from four ports and are currently being developed by our project partners Nemo Maritime, with the support of Schlumberger, TotalEnergies, Breivik Engineering, and OMV.
📊 The cost of one ton of CO₂ captured, transported, and stored in the Latvian offshore E6 formation using the new CTS technology = €121/tCO₂ — which is €2 cheaper than the traditional method involving an offshore platform.
Over 34 years, this difference will result in about €600 million in savings!
🙏 🇪🇪🇪🇺 We sincerely thank the Estonian Ministry of Climate and the EU CETPartnership Joint Call initiative for funding our CTS project and supporting this research. We look forward to continued collaboration!
🤝 Throughout the conference, new partnerships were established, reached preliminary agreements, and set new ambitious goals for the development of CCUS technologies in the region — already moving toward the business implementation stage.
Exciting times are ahead for our team — stay tuned!
It was a perfectly organized, high-level conference — everything ran like clockwork.
Congratulations to the main organiser of Baltic Carbon Forum 2025, Prof. Myur Pal from Kaunas University of Technology, and his team for the great work!
See you soon at our next scientific events!
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