Eni has announced that the HyNet North West integrated project, aimed at decarbonising the important industrial district in the North-West of England, has received £33 million in funding from UK Research and Innovation (UKRI).
The funding, issued through the Industrial Decarbonisation Challenge (IDC) fund, covers around 50% of the investment necessary to finalise ongoing planning studies with the aim of the site becoming operational by 2025.
Alongside Eni, the HyNet North West project is being led by a consortium of regionally-located industrial companies. The site intends to capture, transport and store CO2 emissions from existing industries and from future production sites for blue hydrogen, as an alternative fuel for heating, electricity generation and transport. The project will be the first carbon capture and storage (CCS) infrastructure in the UK.
Eni will play a pivotal role as part of the consortium by transporting and storing the CO2 in its depleted hydrocarbon reservoirs, located at around 18 miles offshore in Liverpool Bay, for which the company was awarded a carbon storage licence by the UK Oil & Gas Authority (OGA) in October 2020. Read more…