Eni and the UK Government’s Department of Energy Security and Net Zero have reached a preliminary agreement to turn the North West Industrial District into the world’s first low-carbon industrial cluster.
The plans include the Hynet North West industrial Carbon Capture and Storage (CCS) cluster becoming fully operational within the UK.
CCS technology captures, transports, and permanently stores carbon far underground, instead of letting it be released into the atmosphere where it can contribute to global warming.
This will also be the world’s first asset-based regulated CCS business, providing carbon transportation and storage for companies in the North West of England and North Wales.
HyNet North West will have the potential to remove around 10 million tonnes of CO2 per year in the first phase. It has the potential to remove approximately 10 million annually after 2030.
In addition to HyNet North West, Eni is planning a second UK CCS hub to decarbonize the Bacton Energy Hub and the Thames Estuary region. It has also secured a license to store CO2 in the depleted Hewett gas field in the Southern North Sea.
The agreement between the UK government and Eni serves as a significant marker of the UK’s growing commitment to reducing emissions.
It also has the potential to significantly impact businesses in the area, providing them with access to carbon transport to reduce their climate impact.