Saipem has won a €520m ($591.5m) contract spanning three years for the Liverpool Bay carbon capture and storage (CCS) project from Eni.
The Liverpool Bay CCS project will support the HyNet industrial cluster, located in one of the UK’s most energy-intensive regions.
Saipem’s role includes converting an existing gas compression and treatment facility at Point of Ayr, North Wales, into a CO₂ electrical compression station, which will enable the permanent storage of CO₂ in offshore depleted fields beneath Liverpool Bay.
The scope of work encompasses engineering, procurement, construction and assistance with commissioning of the electrical compression station.
The integration of this facility with the offshore and onshore segments is a crucial step for the overall development.
The project is expected to employ more than 1,000 people during the construction phase.
It is also expected to result in considerable emissions reductions for industries in the northwest of England and North Wales.
The project will capture CO₂from industrial emitters in the region and inject it into new and repurposed gas pipelines.
The first users of Eni’s transport and storage (T&S) infrastructure include companies in cement production, low-carbon hydrogen, and energy-from-waste.
The rest of the T&S capacity will be assigned to other emitters chosen by UK authorities.
The project will be initiated with a capacity of 4.5 million tonnes (mt) of CO₂ per year, scaling up to 10mt in the 2030s.
By securing this contract, Saipem is reinforcing its position in the CO₂ value chain and contributing to one of the UK’s leading carbon capture and storage projects.
Eni recently achieved financial close with the UK government’s Department of Energy Security and Net Zero (DESNZ) for the Liverpool Bay CCS project.
This allows the construction phase to commence and stimulate investments in the local supply chain.
