Saipem Awarded Contract for Liverpool Bay Carbon Capture Project

Italian offshore engineering and construction giant Saipem has been awarded a contract by Eni for work on the Liverpool Bay Carbon Capture and Sequestration (CCS) project. The contract has an estimated value of €520m over the three years required to complete the project.

Saipem’s main focus on the project will be the conversion of a traditional Gas Compression and Treatment Facility at Point of Ayr, in north Wales, into an innovative CO2 Electrical Compression Station. This will allow for the permanent storage of CO2 in offshore depleted fields under Liverpool Bay. 

It is expected that the new facility will be integrated with both the offshore and onshore segments of the overall project. Once completed, the Liverpool Bay CCS project will serve the HyNet industrial cluster. 

Ultimately, the project is expected to guarantee emissions reductions from industries in the North West of England and North Wales. 

The awarding of the contract to Saipem follows the news that Eni has recently reached financial close with the UK Government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project, where Eni is the operator of the CO2 transport and storage system (T&S) of the HyNet industrial cluster. 

The financial close has allowed the project to move into the construction phase - which is expected to employ approximately 2,000 people.

Commenting at the time of the financial close, Claudio Descalzi, CEO of Eni, said: 

“The strategic agreement with the UK Government paves the way for the industrial-scale development of CCS, a sector in which the United Kingdom reaffirms its leadership thanks to the promotion of a regulatory framework that aims to strengthen the development of CCS and make it fully competitive in the market. 

Eni has established itself as a leading operator in the UK thanks to its key role in CO2 transport and storage activities as the leader of the HyNet Consortium, which will become one of the first low-carbon clusters in the world. 

CCS will play a crucial role in tackling the decarbonisation challenge by safely eliminating CO2 emissions from industries that currently do not have equally efficient and effective solutions. Eni confirms its position at the forefront in the creation of this new, highly sustainable business linked to the energy transition”.

HyNet will be one of the world’s most advanced CCS Clusters that will significantly contribute to the reduction of emissions from a range of industries across the North West of England. 

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