Oil and gas major Eni and energy infrastructure company Snam have just announced the official launch of Italy’s first carbon capture and storage (CCS) project.
The deal was inked almost a year ago, in December 2022, in which both companies agreed to jointly develop the first phase of the Ravenna CCS Project.
The aim of the joint venture between Eni and Snam is to help decarbonize the notoriously hard-to-abate industrial sectors, thus making them both more competitive and more sustainable in a changing global environment, while also making way for economic growth opportunities.
As soon as the carbon capture hub becomes operational, which is expected to take place in 2026, it will instantly be able to capture up to 90% of the industrial carbon emissions in the district of Ravenna.
As part of Phase 1, the project will capture 25,000 metric tons of CO2 from Eni’s natural gas treatment plant, which are then to be transported to the Porto Corsini Mare Ovest platform and injected in a commissioned gas field for permanent storage.