Under the terms of the agreement the parties will evaluate the opportunity to set up an open-access CO₂ transport and storage terminal at Stanlow Terminal’s location.
The received CO2 will then be sent to Eni UK’s carbon transport and storage infrastructures currently being developed in the NW region of the UK.
The CO2 transport and storage terminal will be capable of receiving, gathering and storing CO2 from industrial emitters and other sources via shipping from dispersed locations. The objective is to ultimately connect multiple emitters with Eni UK’s licenced storage location through an open access system, facilitating the future sequestration of substantial volumes of CO2.
Developing CO2 ship transportation will play a significant role in the expansion of CCS infrastructure, by offering feasible and flexible routes between sources and storage sites. The infrastructure would provide many more industrial companies the opportunity to transport captured CO2 for storage in depleted gas fields.
The agreement follows Stanlow Terminals’ announcement of plans to also develop open access green ammonia facilities on the River Mersey, supporting the ambition of Essar Energy Transition to become Europe’s leading integrated energy transition hub.
Mike Gaynon, CEO Stanlow Terminals, commented: “This memorandum of understanding is the latest milestone in Stanlow Terminals’ ongoing commitment to leading the UK’s low carbon transformation.
“As part of Essar Energy Transition, investing in energy transition infrastructure, we are building on our expertise in collection, storage and shipping and putting the North West economy at the forefront of the UK’s energy transition to net zero.”
Eni UK is leading the development of carbon dioxide transport and storage for the HyNet North West consortium in the North West of the UK, which will transform one of the country’s most energy intensive industrial districts into the first low-carbon industrial cluster in the world. Eni UK has developed extensive experience in reservoir management over many decades and intends to apply its skills to repurpose part of its existing upstream assets to store carbon dioxide in depleted fields in Liverpool Bay, helping the UK to achieve its net zero targets by decarbonising industrial activities in the region quickly and at a competitive cost.