Offshore staff
SAN DONATO MILANESE, Italy – The HyNet North West decarbonizing project has secured £33 million ($46.15 million) in funding from UK Research and Innovation, according to Eni.
This covers around half the investment required for planning studies targeting start-up of the site by 2025.
The aim is to capture, transport, and store CO2 emissions from existing industries in northwest England and from future production sites for conversion to blue hydrogen, as an alternative fuel for heating, electricity generation, and transport.
Eni will transport and store the CO2 in its depleted hydrocarbon reservoirs, around 18 mi (29 km) offshore in Liverpool Bay. Last October the Oil & Gas Authority awarded the company a carbon storage license for this purpose.
Once operational, the project will transform one of the most energy-intensive industrial districts in the UK into the world’s first low carbon industrial cluster, Eni claimed, helping to cut CO2 emissions by up to 10 MM metric tons/yr.
It will also provide 80% of the government’s new UK-wide target of 5 GW of low carbon hydrogen.
03/18/2021
