(Finance) – Eni communicated that, thanks to the admission of the Callisto integrated Carbon Capture and Storage (CCS) project to the European list of Projects of Common Interest (PCI Projects), theRavenna CO2 storage hubwhich Eni as operator is developing in JV with Snam“will have a key role in the creation of an international supply chain with high technological content in the decarbonisation sector”.
The Callisto (CArbon LIquefaction transportation and STOrage) Mediterranean CO2 Network integrated CCS project, proposed jointly by Eni and Snam with the collaboration of Air Liquide which is also its coordinator and which hinges on the Ravenna CCS CO2 storage hub, was selected by the European Commission to become part of the list of Projects of Common Interest (PCI). The project was chosen, passing the selection process, together with 13 other projects dedicated to the capture and storage of CO2.
The project – we read in a note – by leveraging the large total storage capacity of the CCS hub in Ravenna, estimated at over 500 million tonsaims to develop the largest network in the Mediterranean for the capture, transport and storage of CO2 by offering a decarbonisation solution for Hard to Abate industries (such as cement factories, fertilizers, steelworks) proposing itself as a reference for Southern Europe.
The start of Phase 1 of the CCS Ravenna project is scheduled for the start of 2024 with the injection for permanent storage of 25 thousand tonnes of CO2 per year, captured by Eni’s Casal Borsetti gas plant. The industrial development of Phase 2which is expected to start by 2026, will allow us to reach a storage capacity of 4 million tonnes per year by 2030; further expansions could bring volumes up to 16 million tons of CO2 per year.