Egypt to store carbon with Italy’s Eni

The Italian energy company is pursuing increased cooperation with Egypt as well as Algeria.
Carbon capture
Scientists stand beside a new carbon capture test unit at Longanet power station on May 29, 2009 in Longanet, Scotland. The new technology at the coal-fired power station removes carbon dioxide using chemicals and turns it into a liquid which is stored underground. - Jeff J Mitchell/Getty Images
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Adam Lucente
@Adam_Lucente

The Egyptian Ministry of Petroleum announced yesterday a new initiative to store carbon. 

The Italian oil and gas company ENI will invest $25 million in a project to store between 25,000 and 30,000 tons of carbon dioxide in Meleiha field in northern Egypt, the Ministry of Petroleum said in a press release. 

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