Eni (E) and Snam's joint Ravenna CCS Phase 2 project has been selected by the European Commission for funding under a 2025 innovation fund called Net-Zero Technologies, the companies said Tuesday.
The carbon transport and storage infrastructure project was selected as an industrial decarbonization project in the fund's large-scale category, the companies said.
Ravenna CCS has a capacity of approximately 500 million metric tons, they said.
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