Italy's Eni wins second UK carbon storage license

(Reuters) - Italian energy group Eni has won a second carbon dioxide storage license in Britain, the company said on Friday.

The new license is for the depleted Hewett gas field located 20 kilometers (12.4 miles) offshore Bacton, in the southern North Sea sector of Britain.

It follows the one obtained by the Italian group in the Liverpool Bay Area in 2020, where Eni is the carbon dioxide transport and storage operator for the so-called HyNet North West project.

The CCS technology removes from the atmosphere carbon dioxide (CO2) produced by industrial processes or captures it at the point of emission and stores it underground.

Talking about the new license, Eni said that the initial CO2 storage capacity is estimated at around 6 million tons per year starting at the end of the current decade and will be progressively increased to over 10 million tons after 2030.

Britain aims to reach a target of 20-30 million tons per year of carbon dioxide stored by 2030 as part of its decarbonization plan.

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