Italy’s Eni granted second carbon storage license in Britain

Eni, a prominent Italian energy company, has achieved a significant milestone by securing a second license for carbon dioxide (CO2) storage in the United Kingdom. The license applies to the depleted Hewett gas field, strategically positioned 20 kilometers off the coast of Bacton in the southern sector of the North Sea in Britain. Notably, this is the second license of its kind that Eni has obtained in the UK.

In 2020, Eni successfully acquired a similar license for the Liverpool Bay Area. In this region, the company serves as the carbon dioxide transport and storage operator for the HyNet North West project. The overarching goal of Carbon Capture and Storage (CCS) technology, which is central to these endeavors, is to capture CO2 emissions either directly at the source of industrial processes or from their subsequent emissions into the atmosphere, followed by safe and secure underground storage.

In the case of this new license for the Hewett gas field, Eni foresees an initial storage capacity estimated at about 6 million tonnes of CO2 annually, beginning at the latter part of this decade. This storage capacity is planned to be progressively expanded, targeting a capacity exceeding 10 million tons post-2030. These advancements are part of a broader initiative aligning with the United Kingdom’s ambitious decarbonization agenda, aiming to achieve a significant milestone of storing 20-30 million tonnes of CO2 per year by the year 2030.

Eni’s commitment to carbon capture and storage projects is in line with global efforts to address climate change and reduce the overall impact of CO2 emissions on the environment. It’s a critical step towards sustainable energy practices and plays a pivotal role in shaping a greener and more environmentally conscious future.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Italy Officially Withdraws from China’s Belt and Road Initiative

Italy has officially communicated its decision to leave the Belt and Road Initiative (BRI) to China, becoming the first major Western nation to withdraw from the trade and investment program. Italy joined the BRI in 2019, despite concerns and warnings from the United States about…

China’s steel industry at crossroads with incoming US tariff threat on exports

China’s steel industry, already grappling with overcapacity and weak domestic demand, could face heightened challenges if the incoming U.S. administration under President-elect Donald Trump imposes a 60% tariff on Chinese goods, including manufactured items that rely heavily on steel. While the U.S. directly receives…

European Union gathers to address barriers in reducing Russian gas imports

European Union energy ministers will meet next week to address the challenges in ending their reliance on Russian natural gas and to consider requesting additional support from Brussels. This discussion follows the significant reduction of Russian gas supplies since the invasion of Ukraine in 2022…

Stay informed

error: Content is protected !!