UK’s Department for Business, Energy & Industrial Strategy has named the initial tranche of low carbon hydrogen production and industrial carbon capture projects that will enter the due diligence stage, and may subsequently enter into commercial negotiations with Government ahead of making Final Investment Decisions. Six HyNet projects including Vertex Hydrogen, Hanson's Padeswood Cement Plant, Viridor's Runcorn Energy Recovery Facility, Covanta's Protos Energy Recovery Facility, Essar's Stanlow Manufacturing Complex and Buxton Lime Net Zero, have received the go-ahead from Government to begin reducing carbon dioxide emissions from industry from the mid-2020's as part of the HyNet decarbonisation cluster.This news will result in HyNetCapturing over 3 million tonnes per year of carbon from energy intensive industryProducing 1GW of low carbon hydrogenSupporting the creation of 6,000 new roles, as well as helping to safeguard the 340,000 existing manufacturing jobs in the regionUnlocking over £5bn of investment in the HyNet projectProviding businesses and consumers with low carbon products, including chemicals, food and drink, cement, paper and metalsHyNet is a low carbon energy project at the forefront of the UK's journey to a Net Zero future, being developed by a consortium of world-leading organisations. From the mid-2020's, HyNet will produce, store and distribute hydrogen as well as capturing and storing carbon. It will decarbonise the North West of England and North Wales through the creation of state of-the-art infrastructure.
UK’s Department for Business, Energy & Industrial Strategy has named the initial tranche of low carbon hydrogen production and industrial carbon capture projects that will enter the due diligence stage, and may subsequently enter into commercial negotiations with Government ahead of making Final Investment Decisions. Six HyNet projects including Vertex Hydrogen, Hanson's Padeswood Cement Plant, Viridor's Runcorn Energy Recovery Facility, Covanta's Protos Energy Recovery Facility, Essar's Stanlow Manufacturing Complex and Buxton Lime Net Zero, have received the go-ahead from Government to begin reducing carbon dioxide emissions from industry from the mid-2020's as part of the HyNet decarbonisation cluster.This news will result in HyNetCapturing over 3 million tonnes per year of carbon from energy intensive industryProducing 1GW of low carbon hydrogenSupporting the creation of 6,000 new roles, as well as helping to safeguard the 340,000 existing manufacturing jobs in the regionUnlocking over £5bn of investment in the HyNet projectProviding businesses and consumers with low carbon products, including chemicals, food and drink, cement, paper and metalsHyNet is a low carbon energy project at the forefront of the UK's journey to a Net Zero future, being developed by a consortium of world-leading organisations. From the mid-2020's, HyNet will produce, store and distribute hydrogen as well as capturing and storing carbon. It will decarbonise the North West of England and North Wales through the creation of state of-the-art infrastructure.
