The companies said that Eni possesses skills in the sequestration of CO2 in geological sites, such as depleted hydrocarbon deposits and deep saline aquifers, 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 ‘National Plan’ draft for the capture, transport and sequestration of CO2 to be submitted to the government and to Italian and European institutions.

The Italian firms said that they are committed to conducting a joint assessment of national offshore and onshore CO2 sequestration options and the implementation of one or more pilot projects involving the integration of CO2 capture, transport and sequestration facilities.

Paolo Scaroni, Eni’s CEO, said: The agreement we have just signed enables two large energy companies to join forces to find viable solutions to the greenhouse gas effect. Eni and Enel together will offer Italy their best technological capabilities to put in place an effective and safe system for capturing and sequestrating CO2.