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Eni secures lease for UK carbon capture project

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By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on Carbon Herald or enjoy below:

🗞️ Driving the news: Eni has secured a lease from The Crown Estate to develop the UK’s HyNet carbon capture and storage (CCS) project
The initiative will reuse existing pipelines to capture and store carbon emissions from industrial sites across North West England and North Wales
The project aims to significantly reduce emissions using depleted natural gas reservoirs under the Irish Sea

🔭 The context: HyNet is the UK’s first CCS project that repurposes existing infrastructure, reducing both costs and environmental impact
The UK has prioritized CCS as part of its strategy to reach net-zero emissions by 2050
Eni’s experience in natural gas field development will be crucial for the project's success

🌍 Why it matters for the planet: This project is a key part of the UK’s decarbonization strategy, aiming to capture up to 10 million tonnes of CO2 annually by 2030
By utilizing existing infrastructure, HyNet minimizes environmental disruption and accelerates the transition to a low-carbon economy

⏭️ What's next: The project is set to be operational after 2030, contributing to the UK’s long-term emissions reduction targets
Future CCS projects, like the North Sea initiative, are expected to follow HyNet's model, expanding the UK's carbon storage capacity

💬 One quote: “The Crown Estate recognizes the crucial importance of carbon capture and storage (CCS) in helping the UK achieve its climate goals,” notes The Crown Estate

📈 One stat: The HyNet project is expected to capture and store up to 10 million tonnes of CO2 annually by 2030

Click for more news covering the latest on carbon capture & storage

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