Sectoral distribution of selected Track 1 CO2 volumes
- 50% Cement
- 29% Energy from waste
- 21% Blue Hyrdogen
Commentary
- Eni as the T&S operator via the Liverpool Bay CCS project
- 24 Memorandum of Understanding with third party industrial emitters.
- Regulated Market:
- 3 Mtpa from 4 emitters selected by DESNZ in Track 1
- Construction and Connection Agreements to be signed between T&S Co. and each of the 4 emitters signed by year-end 2024 (subject to users taking FID)
- In December 2023, Track 1 Expansion (DESNZ) has been launched to select an additional 1.5 Mtpa available.
- An additional 13 emitters expressed interest so likely to be oversubscribed
- Strong demand for Phase-2 of Liverpool Bay CCS, with T&S capacity increasing to 10 Mtpa
- Proximity to industrial clusters in North-West England and North Wales which are one of the most industrialized regions in Europe
Today’s operations
- Barrow Gas Terminal is a top tier COMAH site, employing approx. 200 staff
- The terminal supports production from Morecambe Hub, comprising Morecambe North and South, Rhyl and Calder gas fields.
- Morecambe Hub has been producing gas for 40 years: ~1.1 billion boe / ~7 tcf to date
- At its peak, the hub met around 25% of the UK’s domestic gas demand and remains a key gas asset
Current facilities
Energy transition plans
- Morecambe Net Zero (MNZ) will repurpose depleted Morecambe gas fields for carbon storage
- Largest carbon store in Europe: approx. 1 giga tonne of capacity
- Connected via pipeline to Peak Cluster, storing 40% of UK’s total cement & lime emissions, with additional shipping and rail connections
- Represents £5bn private growth investment, achieving cost benefit ratios of up to 4:1 for HMT
Future potential role
