Eni and Snam secure EU funding for Adriatic CCS project
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 CCS Phase 2 has been invited to prepare a grant agreement, although the partners have not disclosed a funding amount.
The expansion is designed to lift annual injection capacity to 4m tonnes of CO2 by 2030, with potential to reach 16m tonnes in subsequent phases. Eni and Snam estimate that depleted offshore gas reservoirs could hold around 500m tonnes.
The proposed network would receive CO2 from industrial emitters across Italy and elsewhere in Europe by pipeline, ship, rail and road.
The Eni-Snam joint venture would develop and operate offshore storage infrastructure, a compression station and a multimodal reception terminal. Snam would separately develop onshore pipelines connecting Ravenna, Casalborsetti and Ferrara.
The project builds on an initial phase launched in 2024, which captures approximately 25,000 tonnes of CO2 annually from Eni’s Casalborsetti gas treatment plant. Repurposed pipelines transport the gas to the offshore Porto Corsini Mare Ovest platform, where it is injected into a depleted reservoir about 3,000 m below the seabed.
Ravenna also forms part of the wider Callisto cross-border carbon transport and storage initiative.
The announcement follows another major EU funding award for offshore carbon storage. As Splash reported earlier this week, Norwegian offshore producer Aker BP and maritime infrastructure specialist Höegh Evi secured €223m ($260m) for their Atlas project in the North Sea.
Atlas aims to transport captured CO2 from European industrial hubs aboard dedicated carriers for subsea injection into a saline aquifer more than 2,000 m below the seabed. The project has an initial capacity of 6m tonnes annually, potentially expanding beyond 10m tonnes.
The Atlas partners are targeting a final investment decision in 2028 and first injection in 2031, with the funding award subject to the investment decision.
source: splash247
