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
