Eni Updates on its role in the UK’s decarbonisation plan
Eni UK, as the group lead for the consortium that will develop the HyNet North West integrated project, has submitted the documentation necessary to participate in the “Cluster Sequencing for Carbon Capture Usage and Storage Deployment: Phase 1” tender process held by the UK Government. In the event of its successful bid, Eni UK and its partners will gain access to the Carbon Capture Storage Infrastructure Fund (CCFI), with non-repayable financial support of £1bn for the realisation of four projects for the capture and storage of around 10 million tons of CO2 by 2030.
The process involves two project streams with different starting time, one by 2025 (Track 1 projects), and one by 2027 (Track 2 projects).
The fund is part of a broader investment plan of £12 billion for the “Ten Point Plan” presented in November 2020 by the British Government to drive the United Kingdom’s energy transition plan and promote the “Green Industrial Revolution”. In addition to CCS, the plan aims to promote other technologies such as offshore wind, blue and green hydrogen, nuclear power, electric mobility and energy efficiency of private homes.
In particular, the HyNet project, which is aimed at decarbonising the industrial district in the North-West of England, is developed by a consortium formed by Eni and local companies and aims to capture, transport and store the CO2 emitted by both pre-existing local industries and future production sites for blue hydrogen, as an alternative fuel for heating, electricity generation and transport.
The HyNet project, expected to start in 2025
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