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

RTTNews | 962 dni temu
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.

read more
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 11 minut temu
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 1g 35 minut temu
CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.
RTTNews | 1g 37 minut temu
Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.
RTTNews | 1g 53 minut temu
Euro Rises Amid Trump's Tariff Implementations

Euro Rises Amid Trump's Tariff Implementations

The euro strengthened against other major currencies in the European session on Thursday, as European shares rallied following the implementation of Trump's extensive "reciprocal" tariffs, which include a blanket 15% tax on exports from the EU.
RTTNews | 2g 10 minut temu