Saturday, October 25, 2008

Italy's Eni, Enel agree CO2 capture pilot project

ROME, Oct 21 (Reuters) - Italy's main electricity provider and its biggest oil and gas company signed a deal on Tuesday to create the country's first carbon sequestration project, aimed at reducing greenhouse gases from a coal-fired power station.

The chief executives of power firm Enel (ENEI.MI: Quote, Profile, Research, Stock Buzz) and oil company Eni signed an agreement with Environment Minister Stefania Prestigiacomo who is negotiating with the European Union to water down future targets for reducing emissions.

The plan will see Enel trap C02 from the chimneys at a coal-fuelled power station at Brindisi in southern Italy. The gas will be transported to the site of a former Eni natural gas field near Piacenza, in the north, and injected into the rock. More >>>

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