Eni UK signs 19 agreements for CO2 capture & storage project

Eni UK signed a total of 19 agreements with a wide range of companies for carbon capture and storage within the HyNet North West project in the UK, the energy major announced on Wednesday.

The 19 companies with whom the memorandum of agreement (MoU) has been signed on various dates by Eni are interested in the opportunity to have their emissions captured, transported and stored in Eni UK’s depleted hydrocarbon reservoirs as part of the project, the company said in a statement.

Once operational, the HyNet North West project is expected to transform one of the UK’s most energy-intensive industrial districts into the world’s first low carbon industrial cluster. The project will support the UK’s decarbonisation process by fully contributing to the 10 million tons per year of CO2 storage capacity and 80 percent to the 5GW of low carbon hydrogen as per the UK government’s targets for 2030.

According to Eni, it signed six of these agreements in January this year – demonstrating the outstanding interest that the UK industry has shown for the decarbonisation potential offered by the HyNet project.

“The agreements signed to date include hard-to-abate sectors and will play a crucial role enabling decarbonisation initiatives in the North West of England and North Wales industrial cluster,” Eni said in a statement.

Eni UK has also recently signed a slew of agreements with Cory, Uniper and the Cavendish Project to evaluate solutions in terms of storage for the decarbonisation of the UK’s industrial clusters. The company currently operates Liverpool Bay facilities in the East Irish Sea and the depleted Hewett gas field off the Norfolk coast.