Wednesday, September 27, 2023

Eni announces the award of its second CO2 storage license in the UK

Eni will be able to store 6 million tonnes of CO2 per year in the UK.

Eni announced that its UK subsidiary has received a carbon dioxide assessment and storage license from the North Sea Transition Authority for the depleted Hewett gas field, located 20km off the coast of Bacton in the southern part of the UK’s North Sea.

Its significant total storage capacity of around 300 million tonnes, the possibility of reusing some of the associated infrastructure and its proximity to the Bacton industrial cluster make Hewett an ideal location for the permanent storage of carbon dioxide from industries in the south east of England and on the Thames Estuary near London and promote the production and distribution of blue hydrogen in line with the UK’s decarbonization plans and targets.

Completion of the project will have an important impact on local communities, create new employment opportunities and promote economic development in the region.

To date, the Bacton Thames Net Zero initiative has already attracted 13 industrial partners through a collaboration agreement in sectors such as energy, waste management and manufacturing.

Initial CO2 storage capacity is estimated at around 6 million tonnes per year from the end of the current decade and will be gradually increased to more than 10 million tonnes after 2030, making a significant contribution to the UK’s target of between 20 million tonnes save 30 million. tons per year of CO2.

This new license in the Bacton Area complements the license acquired in 2020 in the Liverpool Bay Area, where Eni is the carbon dioxide transport and storage operator for the HyNet North West Project and implements other initiatives such as Dogger. The Bank’s offshore wind farm will further strengthen Eni’s leadership role in contributing to the decarbonization process in the UK.

Nation World News Desk
Nation World News Desk
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