Back to today’s briefing

Story perspectives

UK and Eni Launch £17 Billion Carbon Capture Project

4/25/2025

34 3

Summary

UK Government Collaborates

The UK government has joined forces with Eni to propel the Liverpool Bay carbon capture and storage project, a vital component of the HyNet North West decarbonisation scheme. This groundbreaking initiative not only aims to capture industrial emissions but also promises to create 2,000 jobs and inject £17 billion into the economy, all while supporting the UK's ambitious net-zero targets by 2050.

Summary

Exxon Mobil Innovates Sustainability

Exxon Mobil is taking a significant step towards sustainability by teaming up with Calpine to transport and store an impressive 2 million metric tons of CO2 each year from the Baytown Energy Center in Texas. This marks Exxon’s sixth carbon capture and storage project, bringing its total to around 16 million metric tons annually, paving the way for cleaner energy and industrial processes.

History

Historical Context

The UK's push for carbon capture and storage mirrors historical shifts in energy policy, like the 2008 Climate Change Act, which set ambitious emissions targets. This new initiative reflects a growing urgency to combat climate change, similar to past responses to industrial pollution crises, showcasing a long-term commitment to sustainable energy solutions.

1 of 3

UK Government Collaborates

The UK government has joined forces with Eni to propel the Liverpool Bay carbon capture and storage project, a vital component of the HyNet North West decarbonisation scheme. This groundbreaking initiative not only aims to capture industrial emissions but also promises to create 2,000 jobs and inject £17 billion into the economy, all while supporting the UK's ambitious net-zero targets by 2050.

1 / 3