MILAN, Dec 19 (Class Editori) — Eni and Snam join forces to capture and store CO2 pollutant emissions using CCS technology. The CEOs of Eni, Claudio Descalzi, and Snam, Stefano Venier, have signed an agreement to create a 50-50 joint venture through which they will collaborate on the development and management of Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project. The agreement also calls for carrying out studies and preparatory activities to subsequent development phases.
This will eliminate 25,000 tons of CO2
Phase 1 of the Ravenna CCS Project covers the capture of 25,000 tons of CO2 from Eni’s natural gas processing plant in Casalborsetti, Ravenna. Once captured, the CO2 will be piped to the Porto Corsini Mare Ovest Platform, then injected into the homonymous depleted gas field in the offshore Ravenna area.
Descalzi: the creation of a system is essential
“Today, more than ever, the need to reconcile decarbonization, energy security, and competitiveness objectives is emerging, and working as a system becomes a priority. This agreement represents an example of excellence, aimed at enhancing industrial synergies to contribute to the decarbonization path of the Italian production system,” Descalzi stated. The Phase 1 of the Ravenna Project “will allow to reduce emissions of Casalborsetti power plant, launching in Italy a project based on a mature and essential technological process to achieve climate goals, complementary to renewables, energy efficiency and other available levers, and is central to avoiding CO2 emissions from the highly energy-intensive sectors that currently have no technological alternatives for decarbonization” Eni’s CEO further added.
Venier: our joint venture is the first of its kind
Snam’s CEO Stefano Venier emphasized the fact that “CCS technologies are maturing globally as a tool available to achieve decarbonization goals, and that is why they are the focus of attention from Governments, investors and industry players. CCS projects are being developed globally and are already at an advanced stage of definition both in Europe, especially in the UK, the Netherlands and the Nordic countries, and in the US,” Venier recalled. This joint venture allows the developing of the first initiative in Italy that has the ambition to offer a solution to the entire hard-to-abate production cluster of the Po Valley and potentially also of other Italian regions and countries bordering the Mediterranean basin. Snam will contribute to the project with its know-how and distinctive expertise in the transport and management of molecules, in this case those of CO2”.
The project will immediately create 500 new jobs
According to Eni and Snam, the project represents a key piece in meeting the decarbonization needs of steel mills, cement factories, ceramic, and chemical industries and more generally of the so-called “hard-to-abate” sectors, through an immediately available, highly efficient, and effective technological process that allows the enhancing of the infrastructure and skills already present in the area. The planned activities will enable the creation of new job opportunities, with an overall estimate of more than 500 new jobs already in the first phase of the project.
(Source:Class Editori)
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