In Italy, a group of leading energy and agribusiness companies, including Edison and Duferco Energia, has launched a study to launch one of the first Bio-Energy with Carbon Capture and Storage (BECCS) projects in the country. A pioneering initiative, it involves the capture of biogenic CO2 from biomethane production, its liquefaction, transport and permanent offshore storage. Thanks to the technical feasibility analysis conducted with the support of the SIAD Group, through its subsidiary Tecno Project Industriale (TPI)0F0, which specializes in CO2 recovery, and the strategic advice of BCG, the project aims to identify the business model to develop a 100% Italian supply chain, placing our country as a center of excellence in Europe and the world for biogenic CO2 removal and storage projects, resulting in the generation of high-quality CO2 offset credits. For biogenic CO2 storage, we look to the Ravenna CCS project, operated by ENI and in joint venture with Snam, currently under development. Given the innovativeness of the technology, there are in fact few similar projects in Europe to date, such as the BECCS Stockholm project in Sweden and the Orsted BECCS Project in Denmark. The development of BECCS technology from biomethane in Italy represents a great opportunity, since this has the potential to remove up to 3 million tons of CO2 per year, equivalent to the annual emissions of about 1.7 million cars - assuming a production of 2.3 billion cubic meters of biomethane by 2026, in line with the "Biomethane Decree" approved in 2022.
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