Ravenna CCS project joins European list of Projects of Common Interest
SUMMARY
The project’s inclusion in the list will enable it to access funding from the Connecting Europe Facility.
By Shardul SharmaPOSTED IN:
Europe Technology Innovation Environmental Innovation EU Italy
Eni and Snam, in collaboration with Air Liquide, on November 28 announced the selection of their Callisto (CArbon LIquefaction transportation and STOrage) Mediterranean CO2 network integrated CCS project to the European Commission’s list of Projects of Common Interest (PCI). The project is anchored on the Ravenna CCS CO2 storage hub.
The Callisto project aims to establish a CCS value chain in southwestern Europe, with a focus on decarbonising industrial areas in Italy and France. Leveraging the extensive storage capacity of the Ravenna CCS hub, estimated at over 500mn tonnes, the project will offer a scalable and cost-effective decarbonization solution for hard-to-abate industries, such as cement plants, fertilizers, and steel mills.
The project’s inclusion in the PCI list will enable it to access funding from the Connecting Europe Facility (CEF), which supports the development of infrastructure for the transportation and storage of CO2, Eni said.
The project is expected to commence with the injection of 25,000 tonnes/year of CO2 captured from Eni’s Casal Borsetti gas power plant in early 2024. By 2030, the project aims to achieve a storage capacity of 4mn tonnes/year of CO2, with the potential to expand to up to 16mn tonnes/year.
