- Snam, a key player in Italy’s renewable energy hydrogen test demand, seeks expressions of interest for CO2 storage.
- Carbon capture and storage (CCS) technology, despite IEA support, faces scepticism about its commercial viability.
Snam is a key player in Italy’s renewable energy sector and hydrogen test demand. Expressions of interest sought for CO2 transport and storage align with Snam’s commitment to Italy’s energy transition.
Carbon capture and storage (CCS) technology aims to store industrial CO2 emissions underground. Despite IEA support, sceptics question its commercial viability and impact on fossil fuel use.
Teaming up with Eni, Snam unveiled a joint CCS hub project offshore Ravenna last year. Snam also backs the SoutH2 Corridor, focusing on a green hydrogen pipeline from North Africa to Italy, Austria, and Germany.
Snam collaborates with Italian employers’ lobby Confindustria, actively testing markets in manufacturing and energy-intensive sectors. Testing concludes on April 5, providing insights into Italy’s sustainable energy landscape, with results expected in Q3 2024.
A study estimates the CCS hub’s capacity to store 300 million metric tons of CO2 by 2050, supporting industrial sectors. This initiative generates 62.5 billion euros ($67.21 billion) in value-added, sustaining about 1.27 million jobs in Italy.
Stay tuned for updates as Snam propels Italy towards a greener energy future.