Ravenna aims to become the pioneer hub for Italy and the Mediterranean. Led by Eni, the hub is in early development. The plan is to launch phase 1 in 2023, testing technologies in a full capture, transport and storage chain handling up to 100,000 tonnes per year.
Phase 2, scheduled to start in 2027, aims to allow storage of 4 million tonnes of carbon dioxide per year, about half of it from three power stations and a hydrogen plant owned by Eni, and the rest from other emitters. Eni is already in talks with hard-to-abate industries in the region (cement, steel, fertilizer, glass etc), among others. Interest from emitters in Italy and beyond has grown with the increase in ETS carbon prices, and the European Commission’s ‘Fit-for-55’ package of climate legislation.
Storage will be in offshore depleted gas reservoirs in the Adriatic off the coast of Ravenna. Total storage resource in the Adriatic is estimated 500 million tonnes, giving the possibility in subsequent development phases to increase storage capacity to more than 10 million tonnes per year, covering the decarbonization needs of additional clusters.