Eni and Snam form a JV to develop the first CCS project in Italy

Phase 1 of the project covers the capture of 25,000 tons of CO2 emitted from Eni's natural gas treatment plan

Eni CEO Claudio Descalzi and Snam CEO Stefano Venier signed an agreement to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project.

Phase 1 of the Ravenna CCS Project covers the capture of 25,000 tons of CO2 emitted from Eni's natural gas treatment plant in Casalborsetti (Ravenna). Once captured, the CO2 will be piped to the Porto Corsini Mare Ovest platform and injected into the homonymous depleted gas field in Ravenna’s offshore.

"Today it is necessary to join forces in order to reconcile decarbonization goals, energy security and competitiveness. This agreement represents an example of excellence, leveraging industrial synergies to contribute to the decarbonisation of Italy’s production system. Phase 1 of the Ravenna Project will allow to reduce emissions from the Casalborsetti power plant, launching in Italy a project based on a mature technological process that is key for the achievement of our climate goals,” said Eni CEO Claudio Descalzi.

"It is a fact that CCS technologies have consolidated their role at a global level as a tool available to achieve decarbonisation goals, and for this reason they are gaining more and more attention from governments, investors and industry players. CCS projects are being developed globally and are already at an advanced stage both in Europe - especially in the UK, the Netherlands and the Nordic countries - and in the US,” said Snam CEO Stefano Venier.

The planned activities will create new job opportunities, with an overall estimate of over 500 new jobs during Phase 1 of the project.