Ravenna CCS Phase 2 selected for EU Innovation Fund support
The Italian CO₂ transport and storage project developed by Eni and Snam was selected by the European Commission under the 2025 Innovation Fund’s large-scale net-zero technology call.
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Eni said on 20 October that the European Commission selected the second phase of Ravenna CCS for support under the large-scale category of the 2025 Innovation Fund – Net-Zero Technologies. Developed by Eni and Snam, the project is intended to build infrastructure to collect carbon dioxide from industrial emitters in Italy and Europe by pipeline, ship, rail and road, then store it permanently in offshore reservoirs in the Adriatic Sea.
The development plan targets storage capacity of 4 million tonnes of CO₂ a year by 2030, with potential to expand to 16 million tonnes annually in later phases. Eni’s announcement confirms selection for support but does not state the award amount or a final investment decision. These are planned capacities; the project is not complete and is not yet storing emissions at those levels.
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The Italian CO₂ transport and storage project developed by Eni and Snam was selected by the European Commission under the 2025 Innovation Fund’s large-scale net-zero technology call.
The Italian CO₂ transport and storage project developed by Eni and Snam was selected by the European Commission under the 2025 Innovation Fund’s large-scale net-zero technology call.
The company said it repurchased 3.90 million shares at a weighted average price of €25.6309.
Source: Eni
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