$25 Million CCS Project to be Developed by Egypt and Eni
The Egyptian government and Italian multinational oil and gas company, Eni, have embarked on developing a $25 million, multi-phased carbon capture and storage project that aims to dramatically reduce carbon dioxide emissions. Based in the Meleiha field in the northern part of the country, the project has been unveiled as part of the build-up to Egypt hosting COP27 in Sharm El Sheik later this year.
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