Eni and Snam secure EU backing for Adriatic CCS project

AI Summary

Eni and Snam won European Commission backing for the second phase of the Ravenna carbon capture and storage project. The funding selection advances plans for a large offshore CO2 storage hub in Italy’s Adriatic Sea under the EU Innovation Fund’s net-zero technology program.

Eni and Snam have secured European Commission selection for funding of the second phase of their Ravenna carbon capture and storage (CCS) project, advancing plans for a major offshore CO2 storage hub in Italy’s Adriatic Sea. The development was among the large-scale projects selected under the EU’s 2025 Innovation Fund call for net-zero technologies. Ravenna …