Saipem secures €520m contract for Liverpool Bay CCS project in UK

Saipem has won a €520m ($591.5m) declaration spanning 3 years for the Liverpool Bay c seizure and retention (CCS) task from Eni.

The Liverpool Bay CCS task volition enactment the HyNet concern cluster, located successful 1 of the UK's astir energy-intensive regions.

Saipem's relation includes converting an existing state compression and attraction installation astatine Point of Ayr, North Wales, into a CO₂ electrical compression station, which volition alteration the imperishable retention of CO₂ successful offshore depleted fields beneath Liverpool Bay.

The scope of enactment encompasses engineering, procurement, operation and assistance with commissioning of the electrical compression station.

The integration of this installation with the offshore and onshore segments is simply a important measurement for the wide development.

The task is expected to employment much than 1,000 radical during the operation phase.

It is besides expected to effect successful sizeable emissions reductions for industries successful the northwest of England and North Wales.

The task volition seizure CO₂ from concern emitters successful the portion and inject it into caller and repurposed state pipelines.

The archetypal users of Eni's transport and retention (T&S) infrastructure see companies successful cement production, low-carbon hydrogen, and energy-from-waste.

The remainder of the T&S capableness volition beryllium assigned to different emitters chosen by UK authorities.

The task volition beryllium initiated with a capableness of 4.5 cardinal tonnes (mt) of CO₂ per year, scaling up to 10mt successful the 2030s.

By securing this contract, Saipem is reinforcing its presumption successful the CO₂ worth concatenation and contributing to 1 of the UK's starring c seizure and retention projects.

Eni precocious achieved fiscal adjacent with the UK government's Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project.

This allows the operation signifier to commence and stimulate investments successful the section proviso chain.

"Saipem secures €520m declaration for Liverpool Bay CCS task successful UK" was primitively created and published by Offshore Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.