Eni has announced the achievement of a major milestone, positioning itself in the UK as a major player in projects using Carbon Capture and Storage (CCS) technology, a key lever for achieving targets in the fight against climate change. The UK's Department for Energy Security and Net Zero (DESNZ) has announced the list of CO2 capture projects that will access the £20bn of funds allocated to Track 1 initiatives, planned by the Government to accelerate the country's decarbonisation. Of the 8 projects selected, 5 belong to the HyNet North West Consortium, in which Eni is the operator for CO2 transport and storage activities. The other 3 selected projects belong to the East Coast Cluster on the East Coast of the UK.
With these 5 projects, Eni will contribute to the decarbonisation of large companies with the highest CO2 emissions in the North West Region of England, such as those in the 'hard to abate' sector. The volume of CO2 captured within the framework of the first 5 projects will be collected, transported and permanently stored by Eni in its depleted gas fields off the Liverpool Bay coast.
Through the development of the HyNet CCS project, Eni will play a leading role in the decarbonisation journey of the UK. HyNet is scheduled to start in the middle of this decade with an injection rate of around 4.5 million tonnes per year of CO2 in the first phase, rising to around 10 million tonnes per year as of 2030.