Stanlow Terminals, Eni UK sign MoU for CO2 transport and storage projects
Stanlow Terminals Ltd has signed a Memorandum of Understanding
(MoU) with Eni UK Ltd to investigate the development of CO2 collecting,
transportation, and storage at the Stanlow Terminal location.
Stanlow Terminals and Eni UK will investigate the feasibility of
establishing an open-access CO2 transport and storage terminal capable of
receiving, accumulating, and storing CO2 from industrial emitters and other
sources by shipping from dispersed sites.
The goal is to eventually connect numerous emitters to Eni UK’s licenced
storage facility through an open access system, allowing for the future
sequestration of significant amounts of CO2.
By providing practical and flexible routes between sources and storage
sites, CO2 ship transportation will play an important role in the growth of CCS
infrastructure.
Many more industrial businesses would be able to transport collected CO2
for storage in exhausted gas fields thanks to the infrastructure.
The collaboration comes on the heels of Stanlow Terminal’s announcement of
intentions to create open access green ammonia facilities on the River Mersey,
bolstering Essar Energy Transition’s aim to become Europe’s premier integrated
energy transition centre.
Essar Energy Transition (EET) owns Stanlow Terminals. EET, which will be
launched in February 2023, is investing $3.6 billion over the next five years in
a variety of low carbon energy transition projects, $2.4 billion of which will
be invested at its sites in the North West of England.
Essar Oil UK, the company’s refining and marketing operation in North West
England, will be part of EET, as will Vertex Hydrogen, which is generating 1
gigawatt (GW) of blue hydrogen for the UK market, with follow-on capacity
anticipated to reach 3.8 GW.
EET Hydrogen India is creating 1 GW of green ammonia in India for UK and
worldwide markets; Stanlow Terminals Ltd is constructing supporting storage and
pipeline infrastructure; and EET Biofuels is investing in the development of 1
MT of low carbon biofuels.
The EET investment initiative will play a significant role in advancing the
UK’s low-carbon transition, supporting the government’s decarbonisation policies
and providing highly skilled job opportunities at the core of the Northern
Powerhouse economy.
In March 2023, Stanlow Terminals announced plans to develop a new open
access import terminal for green ammonia in the Port of Liverpool.
