Eni and Progressive Energy Limited have signed an agreement to support carbon capture and storage (CCS) in the HyNet North West low carbon cluster project, according to Eni’s Press release.
Under the agreement, Eni will develop and operate onshore and offshore transportation and storage of CO2 in their Liverpool Bay assets, while Progressive Energy will lead and coordinate the capture and hydrogen aspects of the project on behalf of Hynet North West.
Eni has also signed memoranda of understanding concerning capture and storage of future CO2 emissions across the region with various industrial companies interested in reducing their CO2 emissions.
Eni created a wholly-owned affiliate, Liverpool Bay CCS Ltd., at the beginning of 2021 to be the entity for future licensed operations under the UK government’s proposed regulated regime for CO2 transport and storage.
The project secured a funding commitment of £72 million in March 2021, supplied by UK Research and Innovation, through the Industrial Decarbonisation Challenge (IDC) fund, and the HyNet consortium.
Philip Hemmens, Eni’s Head of North Europe Region Management stated “Our agreement with Progressive Energy is a critical part of the efforts being made through HyNet North West. Taking advantage of the unique location of our Liverpool Bay infrastructure, next to the industrial heartlands of the North West and North Wales, HyNet will transform one of the most energy-intensive industrial districts in the UK into the world’s first low carbon industrial cluster. It will play a crucial role in the target of Net Zero emissions at 2050.”