Published by Todd Bush on October 3, 2022
To support the application, Eni UK announces the creation of the Bacton Thames Net Zero initiative targeting substantive decarbonisation of the UK South East.
San Donato Milanese (Milan), 21 September 2022 – Eni UK announces that it has submitted through the North Sea Transition Authority (NSTA) system a Carbon Storage License Application for the Hewett depleted gas field on the Southern North Sea for the development of a CCS project aimed at decarbonising the Bacton and Thames Estuary area.
>> In Other News: Fidelis New Energy to Store 3 Million Tons of CO2 in Denmark in 2026 and 10 Million Tons by 2028
The Hewett depleted gas field is an ideal site for permanent and safe CO2 storage with a total capacity of about 330 million tonnes.
The CCS project will allow to avoid a significant volume of CO2 to the atmosphere, equivalent to the carbon dioxide emissions of over 3 million homes or over 6 million cars per year.
Eni UK can leverage its extensive experience and subsurface knowledge of the Hewett depleted gas field, having operated safely the gas production in the area for over 40 years.
In addition, Eni UK announces the set up of the Bacton Thames Net Zero initiative with the aim to decarbonise and to unlock new greener growth opportunities for the automotive, ceramics, food, materials, energy and waste disposal sectors in the UK South East, supporting materially the UK’s decarbonisation strategy.
Eni UK will play a pivotal role in this industry-led initiative by transporting and storing CO2 in its Hewett depleted gas field, that could be operational as early as 2027.
Eni UK will provide further added value to this initiative by leveraging on the ongoing technical and commercial experience gained from Liverpool Bay CCS and the wider HyNet NW Cluster, as an existing CO2 appraisal and storage license holder.
The collaboration of industrial partners under the Bacton Thames Net Zero initiative could contribute significantly to the development of a hydrogen economy in the UK and become a game-changer in addressing the decarbonisation needs of UK’s South-East, while supporting the UK ‘Net Zero’ targets.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛢️ 64 Carbon Projects Were Stuck. Texas Just Unlocked Them ⚙️ In Ohio, Hydrogen Industry Presses on Despite Federal Uncertainty 🧲 Agami Zero Breaks Through With Magnetic Hydrogen...
In This Issue 🛫 A Georgia Plant Just Cracked Aviation's Fuel Puzzle 📉 CO2RE And ERM Release 2025 Update On Greenhouse Gas Removal Costs 🔗 Abatable Partners With BlueLayer To Streamline Corporate C...
Inside This Issue 💼 Canada Unlocks EOR for Federal Tax Credits in Landmark Policy Shift 🚀 Carbontech Funding Opens as CDR Sector Pushes for Net-Zero Standard Revisions 💧 CHARBONE Confirms its Firs...
Step strengthens Louisiana’s role in U.S. energy leadership and advances project finance process for biomass‑to‑fuel facility SACRAMENTO, Calif. & NEW ORLEANS -- DevvStream Corp. (Nasdaq: DEVS...
Climeworks Opens the World’s Largest Direct Air Capture Innovation Hub
Key takeaways: Climeworks launches the largest innovation center for Direct Air Capture, employing over 50 engineers in Zurich, Switzerland. The center is designed to reduce the cost and increase...
XCF Global Moves to Double SAF Production with New Rise Reno Expansion
Initial development completed at New Rise Reno 2, advancing XCF's second SAF production facility and positioning construction to begin in 2026. $300 million planned investment will double XCF'...
Carbon Capture Technology Relies on High-Performance CO2 Sensors
As the Global South's first Direct Air Capture (DAC) company, Octavia Carbon has commissioned the world's second DAC + geological storage plant. Harnessing Kenya's abundant renewable geothermal ene...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.