Hynet gets green light to power ahead into construction

Hynet gets green light to power ahead into construction

HyNet, the landmark project set to transform North West England and North Wales into a world-leading low-carbon industrial cluster, has today taken…

Eni closed the first quarter of 2025 with solid accounts but slowing down. Remodeled investments, dividends and buybacks confirmed. Maxi CO₂ project worth 10 million tons per year is underway in the United Kingdom

Eni, profit for the first three months falls to 1.4 billion euros. 2025 spending plans revised (ANSA)

HyNet core infrastructure gets green light

EET has congratulated Eni and the UK Government on achieving financial close on the core CO2 transport and storage project that underpins the HyNet Cluster.

Eni won 1,172 million euros in the first quarter of 2025, which means an annual fall of 3% that Italian energy attributes to the fall of the margins in refining, of the price of crude oil and of the contributions of the companies involved. "We continue to focus on implementing our strategy with financial discipline, based on the quality of our assets and innovative business models", said this Thursday the CEO, Claudio Descalzi, after anticipatin…

The United Kingdom and Eni will today give the definitive green light to a huge carbon capture and storage project in England from industrial plants in the HyNet North West industrial hub in Liverpool and Manchester. As anticipated by the Financial Times, the announcement will take place at the two-day summit on energy security with more than 60 leaders meeting in London. The project would secure 350,000 jobs in the region's manufacturing sector…