According to Eni UK, 19 MoUs have been signed by interested parties to capture, transport, and store their emissions in Eni UK’s depleted hydrocarbon reservoirs as part of the HyNet North West project, which is currently under construction.
These agreements, which were signed in January 2022 alone, show that UK industry is eager to take advantage of the HyNet project’s decarbonization potential, which is facilitated by Eni UK’s expertise and ideal location for transportation and storage.
One of the UK’s most energy-intensive industrial districts will become the world’s first low carbon industrial cluster when the HyNet North West project is fully operational.
Furthermore, this project will help the UK’s decarbonization efforts by providing 100% of the 10 million tons of CO2 storage capacity and 80% of the 5 Gigawatts of low carbon hydrogen needed to meet 2030 targets set across the entire country. In addition to the CCUS project, HyNet North West will also create the UK’s first hydrogen network to produce, store and distribute hydrogen, an alternative fuel for heating, generating electricity and transport.
In the industrial cluster in the North West of England and North Wales, the agreements signed so far include hard-to-abate sectors and will be critical to enabling decarbonization initiatives.
After Eni UK was granted a CO2 storage and evaluation licence in Liverpool Bay, the UK Government selected the HyNet North West Cluster as one of two priority projects (Track 1 projects) in the CCUS Cluster Sequencing Process in October 2021.
For the decarbonization of the industrial clusters in the United Kingdom, Eni UK has also recently signed agreements with Cory, Uniper, and The Cavendish Project to evaluate additional storage solutions for this purpose.
Liverpool Bay facilities in the East Irish Sea and the depleted Hewett gas field, 19 miles off the Norfolk coast, are both operated by Eni UK and currently in the decommissioning stage by this company.
