Eni and Enel Jointly to Study Capture, Transport and Sequestration of CO2

21 February 2008

Eni, an Italy-based global integrated energy company, and Enel, Italy’s largest power company and Europe’s second-largest utility, signed a letter of intent to develop a joint feasibility study on the capture, transport and sequestration of carbon dioxide.

Eni possesses skills in the sequestration of CO₂ in geological sites, such as depleted hydrocarbon deposits, deep saline aquifers, etc., while Enel is skilled in the capture of CO₂, having launched two demonstration projects for CO2 capture and sequestration. Enel is also studying the potential of geological storage in areas near its power plants.

If the feasibility study is successful, Eni and Enel will jointly develop a draft National Plan for the capture, transport and sequestration of CO₂ to be submitted to the government and to the competent Italian and European institutions. In particular, they are committed to conducting a joint assessment of national off-shore and on-shore CO₂ sequestration options and the implementation of one or more pilot projects involving the integration of CO₂ capture, transport and sequestration facilities.