HyNet
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- CO₂ reduction: Aims to cut carbon emissions up to 10 Mt annually in the 2030s, targeting first CO₂ injection in Eni’s depleted gas fields in the Liverpool Bay area in late 2028/beginning 2029, in line with emitters’ availability
- Job creation: Aims to support tens of thousands of jobs across the UK by 2035, with ca. 6,000 positions in the North West
- Economic impact: By 2050, HyNet could contribute up to £17bn to the local economy and £31bn to the UK economy
- Clean energy target: HyNet will single-handedly be able to provide 80% of the UK’s clean power target for transport, industry and homes by 2030
About
HyNet is the leading industrial decarbonisation project in the UK. Spanning North West England and North Wales, HyNet brings together a world-class network of projects designed to decarbonise heavy industry, unlock regional economic growth and accelerate the UK’s transition to net zero.
By combining hydrogen production, hydrogen transport and storage, carbon capture and storage (CCS), and other low carbon technologies, HyNet is working collaboratively with industry and local and central government to transform the North West into a world-leading hub for low-carbon energy.
Eni’s Liverpool Bay Transportation & Storage Company (LB CCS Ltd) – through new and repurposed infrastructure – will ensure safe and permanent storage in Eni’s depleted natural gas reservoirs, located under the seabed in Liverpool Bay. The HyNet Cluster will help protect local industries, support UK supply chains and create thousands of new jobs. LB CCS Ltd, Padeswood and Protos have already reached Financial Close with the UK Government and are currently under construction, unlocking significant private investment in the area.
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