Emerging projects around the Merseyside cluster40 Sample Clauses

Emerging projects around the Merseyside cluster40. Overview: The HyNet North West project commenced in 2016 with the aim of producing blue hydrogen to provide a decarbonisation pathway for the North West of England, including the Merseyside industrial cluster. Blue hydrogen production at HyNet is planned to commence in 2025 with CO2 captured and transported for offshore storage. It is expected that over 2 MtCO2/year will be captured directly from the HyNet hydrogen production facility by 2030, with hydrogen being supplied to industry, transport, heat, and power users in the region. Future developments could also include the capture of CO2 from other industrial emitters in the region. The initial storage site is expected to be the Xxxxxxxx oil and gas field in Liverpool Bay, with plans to minimise development costs by utilising existing pipeline infrastructure that is soon due to be decommissioned. In the long term following further regional expansion, CO2 could be stored in the larger capacity of Morecambe Bay gas fields. The project is led by a consortium of Progressive Energy, Cadent, CF Fertilisers, Eni UK, Essar, Xxxxxx, INOVYN (part of the INEOS Group) and the University of Xxxxxxx. Progress and support: The consortium is conducting its second phase FEED study with a final investment decision expected in 2023. The North West Cluster received £8m in funding as part of the government’s latest phase of the UKRI industrial decarbonisation challenge to develop a comprehensive cluster plan. HyNet received £72 million in 39 Net Zero Teesside 2020, Stage 2 Consultation Display Boards 40 HyNet North West project website and Element Energy analysis of public information funding from UKRI industrial decarbonisation challenge (£33 million) and contributions from the project consortium (£39 million).
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