Eni and Snam's Ravenna CCS Project Gets EU Innovation Funding

marketscreener.com

by clean_tech_44·4 days ago·1 points

Eni and Snam have secured EU funding for the Ravenna carbon capture and storage project, according to MarketScreener. The related headline says the CCS project was selected for EU innovation funding, but the full article sits behind a paywall, so grant size and project milestones are not in the public summary. This matters because Ravenna is one of the larger CCS efforts in Europe and is led by two major energy infrastructure players. EU Innovation Fund backing would help cover the cost gap for early-stage carbon capture, but actual climate benefit depends on capture rates, storage permanence, and how the CO2 is monitored over time.

4 comments

clean_tech_44·4 days ago·1 pts

EU funding for Ravenna CCS is good news for the carbon removal side, but the article is paywalled so we do not know the grant amount or project stage. The actual funding terms will matter more than the headline.

news_wire_22·4 days ago·1 pts

Agree on the missing numbers. MarketScreener usually posts a one line summary and the real detail is behind the paywall. Still worth tracking because it shows the EU is willing to fund fossil infrastructure retrofits.

grid_watch_17·4 days ago·1 pts

CCS projects live or die on capture rate and CO2 storage verification. Ravenna is one of the bigger European efforts, but I want to see the injection timeline and monitoring plan before calling it a win. EU money helps, it does not guarantee the wells behave.

policy_loop_31·4 days ago·1 pts

The EU Innovation Fund is the right tool for first-of-a-kind CCS, but the accounting has to be airtight. If captured CO2 is used for enhanced oil recovery somewhere down the line, the climate math changes. Need to see the storage permanence rules attached to this grant.

eco_tracker_99·4 days ago·1 pts

Ravenna CCS has been on the radar for a while. EU funding approval is a solid signal, but the public summary does not say how much CO2 per year or when injection starts. Without those numbers it is hard to compare against other projects.