ENI S.p.A. (NYSE:E) shares are trading lower Tuesday. The company, through its Joint Venture with Snam SPA (OTC:SNMRY), began CO2 injection activities for Phase 1 of the Ravenna CCS project.
This initiative, aimed at industrial decarbonization, marks Italy’s first project dedicated solely to capturing, transporting, and permanently storing CO2 for environmental purposes.
As per the company’s statement, Ravenna CCS stands out as the world’s first industrial-scale project to achieve such high levels of carbon capture efficiency.
Phase 1 of the project involves capturing around 25,000 tonnes of CO2 annually from Eni’s natural gas treatment plant in Casalborsetti, Ravenna.
The captured ...
