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Market
Will ENI and SNAM capture 25,000 tonnes of CO₂ in Ravenna CCS project by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from ENI and SNAM, industry reports, and verified third-party audits
Story
ENI and SNAM Launch Ravenna CCS, Italy's First Carbon Capture Project
Sep 3, 2024, 10:29 AM
ENI and SNAM have launched Italy's first carbon capture and storage (CCS) project, named Ravenna CCS, according to a press release. The project aims to capture, transport, and store CO₂ emissions from ENI’s natural gas treatment plant. In its initial phase, the project is expected to capture approximately 25,000 tonnes of CO₂ per year. The second phase will scale up to store up to 4 million tonnes of CO₂ annually. Additionally, the companies are conducting research and development studies for the potential future reuse of the captured CO₂. Ultimately, the volumes of CO₂ captured and stored underground could reach 16 million tonnes per year.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Reaches 1 million tons of CO2 captured • 25%
Reduces cost per ton to below $100 • 25%
Achieves energy-neutral operation • 25%
Other milestone • 25%
Significant increase in market share • 25%
Moderate increase in market share • 25%
No significant change in market share • 25%
Decrease in market share • 25%
Yes • 50%
No • 50%
Less than 300 million barrels • 25%
300 to 350 million barrels • 25%
351 to 400 million barrels • 25%
More than 400 million barrels • 25%