LONDON – Eni and Progressive Energy have signed a framework agreement to support carbon capture and storage (CCS) in the HyNet North West low carbon cluster project.
Progressive Energy will coordinate the project’s capture and hydrogen aspects on behalf of HyNet North West.
Eni has also signed memoranda of understanding concerning capture and storage of future CO2 emissions across the region with various industrial companies interested in participating.
Earlier this year, the company created a wholly-owned affiliate, Liverpool Bay CCS Ltd., to act as the responsible entity for future licensed operations under the UK government’s proposed regulated regime for CO2 transport and storage.
In March, the project secured a funding commitment of £72 million ($102 million), supplied by UK Research and Innovation through the Industrial Decarbonisation Challenge fund, and the HyNet consortium.
Other members of HyNet are Cadent, CF Fertilisers, Essar, Hanson, INOVYN (part of the INEOS Group), and the University of Chester.