Eni, Snam launch Italy's first carbon capture project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
0mins
Source: Reuters
Italy's First CCS Project: Eni and Snam have launched Italy's first carbon capture, transport, and storage (CCS) project near Ravenna, aiming to reduce CO2 emissions from heavy industries by capturing approximately 25,000 metric tons of CO2 annually and storing it in a depleted gas field in the Adriatic Sea.
Future Goals and Criticism: The project is expected to evolve into a hub for decarbonizing energy-intensive industries and aims to store up to 4 million tons of CO2 per year by 2030, although critics express concerns about its potential to prolong fossil fuel use and question its commercial viability.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








