Eni Gets U.K. Funding for Carbon-Capture Project
By Christian Moess Laursen
Eni received government funding for its Liverpool Bay carbon-dioxide transport and storage facilities in northwest England, marking the launch of its HyNet project in the U.K.
The Italian energy major said Friday that the funding allocation was a key milestone toward the execution of the HyNet carbon capture and storage project. It didn't disclose amount of funding.
The project would change one of the U.K.'s most energy-intensive industrial regions into one of the world's first low-carbon industrial clusters, Eni said.
HyNet has an initial storage capacity of 4.5 million metric tons of carbon dioxide a year, with the potential to increase to 10 million tons a year after 2030, Eni said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
October 04, 2024 03:07 ET (07:07 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks
-
Real Estate: Performance Continues to Be Driven by Interest-Rate Movements
-
Financial Services: Sector Doing Well Heading Into Rate-Cutting Cycle
-
Energy: OPEC Faces Hard Supply Decision in Latter Half of 2024
United States