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2,000 job carbon capture project off North Wales coast gets financial backing

  • Eni and the UK Government reached financial close on April 24 for a carbon capture project off North Wales.
  • This financial close follows the UK Government's earlier funding allocation for the project.
  • The project is part of the HyNet Cluster storing industrial carbon dioxide in depleted Liverpool Bay gas fields.
  • Initial storage capacity reaches 4.5 million tonnes of carbon dioxide annually and creates 2,000 jobs.
  • This agreement allows construction to begin this year, with operations starting in 2028.
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The Independent broke the news in London, United Kingdom on Thursday, April 24, 2025.
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