• £2B in Local Supply Chain Contracts: Financial close unlocks major investments and 2,000 new construction jobs.
• Backbone of UK CCS Strategy: Liverpool Bay project anchors the HyNet Cluster, one of the world’s most advanced carbon capture systems.
• Strategic CCS Expansion: Eni positions itself as a global CCS leader, with plans for dedicated business and international projects.

Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, marking the official green light for construction. The initiative is central to the HyNet Cluster—one of the world’s most advanced CCS systems—and forms a cornerstone of the UK’s strategy to decarbonise heavy industry and drive economic growth.

“Today we keep our promise to launch a whole new clean energy industry for our country – carbon capture and storage – to deliver thousands of highly skilled jobs and revitalise our industrial communities,” said Ed Miliband, UK Secretary of State for Energy Security and Net Zero.

The project will channel up to £2 billion in supply chain contracts, primarily in Northern England, and create 2,000 jobs during the construction phase alone. This milestone follows the UK’s pledge of £21.7 billion over 25 years for the country’s first two CCS clusters—an unprecedented move to position the UK as a global leader in low-carbon innovation.

Eni, as operator of the HyNet Cluster’s CO₂ transport and storage system, will repurpose offshore platforms and 149 km of pipelines, and construct 35 km of new links to capture CO₂ emissions from a wide array of industries—including cement, waste-to-energy, and low-carbon hydrogen.

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“The strategic agreement with the UK Government paves the way for the industrial-scale development of CCS,” said Claudio Descalzi, CEO of Eni. “Eni confirms its position at the forefront in the creation of this new, highly sustainable business linked to the energy transition.”

The Liverpool Bay CCS infrastructure is expected to store 4.5 million tonnes of CO₂ annually in its first phase, with potential expansion to 10 million tonnes by the 2030s, all in depleted natural gas reservoirs under the seabed.

Beyond the UK, Eni is expanding its CCS footprint globally with a gross storage capacity of 3 billion tonnes, and is preparing to launch a dedicated CCS division. Sources report the company is in discussions with potential investors interested in minority stakes.

“The UK has the resources to become a global centre of excellence for carbon storage, with up to 78 gigatonnes of potential on the UK continental shelf,” Miliband added.

Construction is scheduled to begin in 2025, with operations expected to commence by 2028—aligning with the emissions reduction targets of the HyNet industrial partners.

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