{"id":"oct2026-italy-ravenna-ccs-eu-funding","canonicalSlug":"oct2026-italy-ravenna-ccs-eu-funding","url":"https://wellficent.com/en/news/oct2026-italy-ravenna-ccs-eu-funding","language":"en","title":"Ravenna CCS Phase 2 selected for EU Innovation Fund support","summary":"Eni and Snam said the European Commission selected the project; its development plan targets 4 million tonnes of CO₂ storage a year by 2030.","body":["Eni and Snam said on 20 October that the European Commission selected Ravenna CCS Phase 2 under the 2025 Net-Zero Technologies call of the EU Innovation Fund. The announcement confirms selection, not a completed grant payment.","The development plan targets storage capacity of 4 million tonnes of CO₂ per year by 2030, with a possible later increase to 16 million tonnes annually. The companies gave no award amount in the announcement."],"keyPoints":[],"sections":[],"text":"Ravenna CCS Phase 2 selected for EU Innovation Fund support\n\nEni and Snam said the European Commission selected the project; its development plan targets 4 million tonnes of CO₂ storage a year by 2030.\n\nEni and Snam said on 20 October that the European Commission selected Ravenna CCS Phase 2 under the 2025 Net-Zero Technologies call of the EU Innovation Fund. The announcement confirms selection, not a completed grant payment.\n\nThe development plan targets storage capacity of 4 million tonnes of CO₂ per year by 2030, with a possible later increase to 16 million tonnes annually. The companies gave no award amount in the announcement.","category":"energy","region":"world","topics":["finance","non-oil-economy"],"eventDate":"2026-10-20","eventDateBasis":"source-announcement-publication","publishedAt":"2026-10-22T12:32:52Z","modifiedAt":"2026-10-22T12:32:52Z","publicationBasis":"first-publication","preparedAt":"2026-10-22T12:31:17Z","sourcePublishedAt":"2026-10-20","translatedAt":"2026-10-22T12:25:00Z","sources":[{"url":"https://www.eni.com/en-IT/media/press-release/2026/10/ravenna-ccs-selected-under-the-european-innovation-fund.html","name":"Eni","checkedAt":"2026-10-22","attribution":"Eni; factual summary based on the official release; no source text or image reproduced.","publishedAt":"2026-10-20"}],"translations":{"en":"https://wellficent.com/en/news/oct2026-italy-ravenna-ccs-eu-funding","tr":"https://wellficent.com/tr/news/oct2026-italy-ravenna-ccs-eu-funding","ar":"https://wellficent.com/ar/news/oct2026-italy-ravenna-ccs-eu-funding","fr":"https://wellficent.com/fr/news/oct2026-italy-ravenna-ccs-eu-funding","es":"https://wellficent.com/es/news/oct2026-italy-ravenna-ccs-eu-funding","ru":"https://wellficent.com/ru/news/oct2026-italy-ravenna-ccs-eu-funding","pt":"https://wellficent.com/pt/news/oct2026-italy-ravenna-ccs-eu-funding"},"corrections":[],"locations":[],"type":"news","classification":{"version":"1","dataKinds":["project-update"],"geographies":[{"role":"economic-scope","countryCode":"IT","subdivisionCode":null}],"evidenceBasis":["reported-observation","plan"],"measurementPeriod":null}}