Eni and the UK Government Advance Liverpool Bay CCS project
London, April 24, 2025, (Oilandgaspress) –––– Eni is pleased to announce that it has reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial Cluster.
The financial close allows the Liverpool Bay CCS project to move into the construction phase, unlocking key investments in supply chain contracts, the majority of which will be spent locally. The project will support the UK’s industrial competitiveness for the long term, by safeguarding existing industrial employment and creating new production chains and jobs – which, in the construction phase alone, are estimated to be about 2,000 people.
This significant milestone follows the UK Government’s funding allocation of £21.7 billion to be invested over a 25-year period across the first two CCS Clusters in the country. This decision demonstrates the UK’s commitment to prioritising the development of the CCS sector as a key lever in its decarbonisation and industrial strategy, in line with the broader UK’s objective of creating growth opportunities in the country’s industrial heartlands and the ambition to be a global leader in the energy transition.
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