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The role of CCS in the global context

CCS can make an important contribution to decarbonization because it is crucial for reducing CO₂ emissions from industries, particularly in hard-to-abate sectors.

Decarbonization means eliminating CO₂ emissions to combat climate change

The evidence of climate change is undeniable, and there is a scientific consensus that it is caused by human activity. The main culprits are "greenhouse gases", which are emitted into the atmosphere in large quantities, mainly from power stations, the industrial sector, transport, domestic heating and agriculture and cause average temperatures to rise. The main negative factor in this scenario is carbon dioxide (CO₂), a gas that is natural and harmless in itself, but its atmospheric concentration has risen sharply since the start of the industrial revolution and continues to rise. In 2022, human activity resulted in annual emissions of around 37 billion tonnes of CO₂ and even with current environmental policies and expected reforms, projections show a rising trend. Both the Paris climate agreement and the subsequent Glasgow pact in 2021 set out milestones for the gradual reduction of carbon dioxide emissions, with the overall goal of limiting the increase in global average temperature to 1.5°C. This daunting task, known as decarbonization, involves also the energy sector, where the achievement of zero emissions is the cornerstone of the energy transition, a move towards a more sustainable paradigm of energy use and production. A paradigm shift is on the horizon that will require a change in consumption patterns, the development of renewable energy sources and the strengthening of both energy saving and circular economy practices.

Within this framework, additional solutions come into play: they include CCUS, electrification, fuels with a low carbon impact and bio-energies. Finally, technological progress and innovation can provide a decisive and overarching advantage. Realising this vision will require unwavering commitment from governments, society at large and industry.

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The role of CCUS in decarbonization

CCUS is particularly useful to decarbonize hard-to-abate, i.e. industries where, due to their high energy demand and specific operating characteristics, there are currently no viable technological alternatives that can reduce emissions in an efficient and cost-effective way (e.g. iron and steel, cement, paper, chemicals, energy)

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Eni and Snam’s CCS projects in Italy, Europe and the rest of the world

In addition to the Ravenna CCS, Eni participates in two CCS projects in Norway and the UK and is developing two more in Libya and the Emirates. It is also conducting research in CCU. Snam is very active in Europe in the area of multi-molecule storage with projects in the UK and Ireland.

Promotion of CCUS in Europe and around the world

Given their importance in reducing emissions from hard-to-abate industries, new CO2 capture, utilisation and storage projects are supported by major international organisations and by many countries, particularly in the EU and the USA.

Prominent international organisations support CCUS projects

The key role of CCUS in the energy transition has been highlighted by prominent global institutions such as the International Energy Agency (IEA), the International Panel on Climate Change (IPCC), International Renewable Energy Agency (IRENA), the European Union and the United Nations. All their strategic blueprints for achieving decarbonization milestones highlight the fact that CO₂ capture, utilisation and storage technologies as critical to the process of decarbonization of the industrial sector. This, of course, goes hand in hand with improving energy efficiency, increasing the use of renewables and transitioning from fossil fuels to more sustainable alternatives. According to the IEA's “Net Zero Emissions” forecast published in October 2023, the achievement of comprehensive carbon neutrality by 2050 is largely dependent on the crucial role of CCUS, which is expected to offset the emission of 6.04 billion tonnes of CO₂ per year by then (a significant increase from the previously estimated 6.2 billion tonnes).

The European Union leads the way in implementing CCS initiatives

A large number of its member states are proactively promoting the development and deployment of CCS technologies and initiatives as they seek to foster growth that reconciles environmental, economic and social sustainability. The presence of facilities capable of capturing and storing carbon dioxide paves the way for significant decarbonization of industrial districts, providing local companies with a viable decarbonization strategy while safeguarding their competitiveness. With the Industrial Carbon Management Strategy (2024), the European Commission aims to create a European market for industrial CO2 management by identifying targets for capture, transport and storage of 50 Mtpa by 2030 (in line with the Net Zero Industry Act - NZIA), 280 Mtpa by 2040 and 450 Mtpa by 2050.

 

CCS in Northern Europe

Countries such as Norway, the Netherlands, the UK, Denmark and Germany are leading the way in supporting domestic CCS initiatives. In December 2020, Norway gave the green light to funding for its Longship initiative, accounting for around two-thirds of the $2.7 billion earmarked for investment and operational expenditure over 10 years. In the UK, the importance of CCS is underscored in the government's 10-point plan for a "Green Industrial Revolution", with four major projects receiving significant government support. One of them is Hynet in the North West of England, where Eni is participating as operator in the transport and storage of CO₂. The project, already at an advanced stage, involves injecting CO₂ captured from onshore industrial operations into Eni's depleted offshore fields in Liverpool Bay. The goal is to reduce CO₂ emissions from this key industrial district and enhance its competitiveness in the market. The project will start with a capture capacity of 4.5 Mtpa of CO₂, with the possibility of expanding it up to 10 Mtpa by 2030. In addition, the integrated project includes plans for a major hydrogen production facility

 The Netherlands also recognises the potential of carbon capture and storage, and is equally committed to both solar energy and CCS. After conducting a competitive evaluation of various technological solutions, the Dutch government recognised CCUS as the best in terms of cost-benefit efficiency and allocated an impressive €2.1 billion to 4 different capture projects, thereby underscoring the value and competitiveness of CCS in the decarbonization process.