The HyNet project in North West England and North Wales has been given the go ahead. The project aims to create a low-carbon industrial cluster and has now been granted permission to start construction.

The announcement of financial close for Eni’s Liverpool Bay Carbon Capture and Storage (CCS) project was made the Prime Minister at the Summit on the Future of Energy Security and puts the project on track for operations to begin in 2028.

The Liverpool Bay CCS project consists of a network of new and repurposed pipelines which will transport carbon emissions from industry to a permanent, secure store under the seabed. The majority of the £2bn supply chain contracts are being awarded locally.

This CCS infrastructure can then support key industries, including cement manufacturing, energy-from-waste, and low-carbon hydrogen production.

David Parkin, chair of the HyNet Alliance said: “HyNet positions North West England and North Wales as global leaders in low-carbon growth, attracting investment, boosting skills, creating and protecting jobs. We are delighted that Eni has reached financial close for HyNet’s carbon capture and storage network—an important milestone in turning the wider HyNet vision into reality.”

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