Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, unlocking £2 billion in local supply chain contracts and 2,000 construction jobs. This project is pivotal to the HyNet Cluster, one of the world’s most advanced CCS systems, and is central to the UK’s strategy to decarbonize heavy industries.
“Today we keep our promise to launch a whole new clean energy industry for our country – carbon capture and storage – to deliver thousands of highly skilled jobs and revitalise our industrial communities,” said Ed Miliband, UK Secretary of State for Energy Security and Net Zero.
Eni will repurpose offshore platforms, pipelines, and build new infrastructure to capture CO₂ emissions from various industries. The first phase of the project aims to store 4.5 million tonnes of CO₂ annually, with future expansion to 10 million tonnes by the 2030s. This initiative positions the UK as a global leader in low-carbon innovation and carbon storage.
