Eni, Snam to Develop CCS Project in Italy Through Joint Venture
December 19 2022 - 7:06AM
Dow Jones News
By Giulia Petroni
Eni SpA on Monday said that it will form a joint venture with
gas grid operator Snam SpA to develop a carbon capture-and-storage
project in Italy.
The oil-and-gas major said phase one of the project involves
capturing 25,000 tons of carbon dioxide emitted from its
natural-gas treatment plant in the Emilia Romagna region. The CO2
will then be piped to a platform and injected into a depleted gas
field in Ravenna's offshore.
The agreement also includes the implementation of studies and
preparatory activities for subsequent development phases, Eni
said.
Financial details of the project weren't disclosed.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 19, 2022 06:51 ET (11:51 GMT)
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