The Ravenna CCS consists in a CO₂ storage facility in which carbon dioxide emissions will be stored in depleted gas fields in the Adriatic Sea using the Carbon Capture and Storage (CCS) methodology. The goal is to contribute to reducing the emissions of industrial districts to make them more sustainable and competitive in the market, thereby creating the conditions for new opportunities for economic growth through decarbonization.
Thanks to the admission by the European Commission of the Callisto integrated Carbon Capture and Storage (CCS) project to the list of Projects of Common Interest (PCI Projects), the Ravenna CO2 storage hub will play a key role in the creation of a high-tech international supply chain in the decarbonization sector. Admission to the CIP project list will enable the project, once it has completed the steps of the current process, which is expected to be concluded in 2024, to be eligible for the Connecting Europe Facility Fund (CEF), which is intended to provide non-reimbursable funding to support studies and the development of infrastructure for the reception, transport and storage of CO2.