Eni, Snam Ink Equal JV To Develop Ravenna Carbon Capture And Storage Project In Italy

RTTNews | 864 days ago
Stocktwits
Eni, Snam Ink Equal JV To Develop Ravenna Carbon Capture And Storage Project In Italy

(RTTNews) - Italian energy company Eni SpA and energy infrastructure company Snam SpA have on Monday inked an equal joint venture to jointly develop and manage Phase 1 of the Ravenna Carbon Capture and Storage (CCS) Project in Italy. The agreement also includes the implementation of studies and preparatory activities for the subsequent development phases.

The Phase 1 of the Ravenna CCS Project covers the capture of 25,000 tons of CO2 emitted from Eni's natural gas treatment plant in Casalborsetti (Ravenna). Once captured, the CO2 will be piped to the Porto Corsini Mare Ovest platform and injected into the homonymous depleted gas field in Ravenna's offshore.

The planned activities will create new job opportunities, with an overall estimate of over 500 new jobs during Phase 1 of the project.

This agreement represents an example of excellence, leveraging industrial synergies to contribute to the decarbonisation of Italy's production system.

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Yen Slides As Bank Of Japan Retains Rate As Expected

Yen Slides As Bank Of Japan Retains Rate As Expected

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its interest rate unchanged for the second consecutive meeting and downgraded its growth projections citing trade tariff threats.
RTTNews | 1h 31min ago
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid increased risk-on mood, as traders booked some profits after the recent upside in markets and a report showing the U.S. economy unexpectedly shrank in the first three months of 2025 generated some optimism about the outlook for interest rates.
RTTNews | 1h 46min ago
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 2h 56min ago
Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

Bank Of Japan Retains Rate As Expected; Cuts Growth Outlook Amid Tariff Uncertainty

The Bank of Japan left its interest rate unchanged for the second consecutive meeting on Thursday, and downgraded its growth projections citing trade tariff threats. The policy board decided, by a unanimous vote, to hold the uncollateralized overnight call rate to remain at around 0.50 percent. This was the highest level since the global financial crisis in 2008.
RTTNews | 2h 57min ago
European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

European Economic News Preview: UK Mortgage Approvals, Factory PMI Due

Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are the major reports due on Thursday, while most of the European markets are closed for the Labor day holiday. At 2.30 am ET, Switzerland's Federal Statistical Office releases retail sales data for March. Sales are forecast o grow 1.9 percent on a yearly basis, following a 1.6 percent rise in February.
RTTNews | 3h 22min ago
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