FIRST CARBON CAPTURE PROJECT GETS FUNDING INJECTION
The HyNet North West project has been given £72 million in funding to implement decarbonisation strategies to assist in delivering a net-zero industrial sector, it is expected to create 6,000 new jobs and reduce carbon emissions by 10 million tonnes every year, by 2030.
The project is based on the production of hydrogen from natural gas and includes the development of a new hydrogen pipeline infrastructure, creating the ‘UK’s first’ carbon capture and storage (CCS) hub. From 2025, HyNet hopes to start converting natural gas into Low Carbon hydrogen at the Stanlow Refinery, storing the carbon dioxide that has been captured offshore in the Liverpool Bay gas fields. The new pipeline will transport the clean hydrogen to power industry, transport and homes across North West England and North Wales.
David Parkin, Director of Progressive Energy and HyNet North West Project Director commented: “Delivering net-zero requires a transformation of our energy system. We know we cannot reach net-zero without decarbonising industry. HyNet North West is an exciting project of strategic importance to both the region and the UK. It offers a "once in a generation" opportunity to create real change in energy production and consumption, establishing a cleaner world for future generations.
It will unlock the Low Carbon hydrogen economy in North West England and North Wales, not only reducing emissions but also creating and safeguarding jobs.”
HyNet is expected to become operational in 2025 and implement the CCS system to reduce the sector's carbon emissions as soon as it is operational, removing an estimated 10 million tonnes every year by 2030. This is part of the Government’s 10 Point plan to reduce the UK’s Carbon emissions to net-zero by 2050.