UK, Eni agree to go ahead with Liverpool Bay carbon capture project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2025
0mins
Source: Reuters
Agreement on Carbon Capture Project: The British government and Italian energy group Eni have finalized an agreement to launch the Liverpool Bay carbon capture and storage (CCS) project, which aims to reduce emissions and create jobs in northern England.
Project Details and Goals: The initiative will involve constructing new pipelines to transport CO2 from industrial plants to depleted gas fields in Liverpool Bay, with the potential to unlock £2 billion in contracts and create 2,000 jobs, as part of the UK's broader goal to achieve net zero emissions by 2050.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
