BAKU, Azerbaijan, Dec.23
By Leman Zeynalova – Trend:
It is likely that a large part of the future storage of carbon dioxide will be offshore, Trend reports with reference to “2021 SHAPING A NET-ZERO FUTURE" issued on Saipem’s website.
“CO2 storage solutions, like CCS, have been identified as the future for Offshore Drilling since wells are a critical component of any CCS project. It is likely that a large part of the future storage of carbon dioxide will be offshore. Wells will be drilled and completed for multiple purposes, such as exploring the suitability of geologic formations, injecting CO2 and monitoring the behaviour and location of injected CO2,” reads the report.
In this overall respect, in December 2020, Saipem signed a Memorandum of Understanding (MoU) with Eni to cooperate on the identification and engineering of decarbonisation initiatives and projects in Italy. In particular, the companies intend to identify possible opportunities for collaboration in the carbon capture sector, utilisation and storage of CO2 produced by industrial areas throughout Italy.
The objective is to contribute towards the decarbonization process of entire production chains, particularly those of the highest energy intensity by taking clear steps with immediate action to combat climate change and to achieve CO2 reduction targets at national, European and global levels. Through the MoU, Eni and Saipem will also evaluate participation in programs financed by the European Union as part of the Green Deal Strategy, proposing the possible inclusion of specific initiatives within the plan for the use of funds intended to support Member States of the European Union in the post-COVID-19 phase (“Recovery and Resilience Fund”).
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