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Energy Business
Charley Rattan
Charley Rattan
Top Contributor
·Posted in Energy Business
Tue, Oct 17

CCS Business Model

CCS Business Model

Eni believes CCS could be crucial in energy transition strategy and it becomes a significant business for the company. It has established a leading position in the UK where Eni is the CO2 transport and storage operator of the HyNet North West consortium. Moreover the company is planning a second UK CCS hub to decarbonise the Bacton Energy Hub and the Thames Estuary region – and has been granted a license to store carbon dioxide in the depleted Hewett gas field in the Southern North Sea. Together, HyNet North West and Bacton have the capacity to store 500 million tonnes of CO2.

HyNet North West will transform one of the country’s most energy intensive industrial districts into one of the world’s first low-carbon industrial clusters. The project will help preserve thousands of local jobs by supporting the decarbonisation of cement, energy, chemicals as well as attracting investment into new industries thus creating new jobs.

HyNet North West is expected to be operational by the middle of the current decade with a storage capacity of approximately 4.5 million tonnes of CO2 per year in the first phase. It has the potential to remove approximately 10 million annually after 2030. HyNet North West will make a major contribution to the UK’s target of storing 20-30 million tonnes of CO2 annually by 2030.

 

 

 

CCS and Hydrogen

 

 

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