United Kingdom-based bulk liquid storage provider Stanlow Terminals Ltd signed a memorandum of understanding (MOU) with a UK subsidiary of global energy firm Eni to explore developing carbon dioxide collection, shipping, and storage technologies.
Under the deal's terms, if fully realized, Stanlow Terminals and Eni UK would consider establishing an open-access CO2 transport and storage terminal that would receive carbon capture from industrial emitters and other sources. The two parties believe that developing CO2 ship transportation could help expand carbon capture and storage infrastructure by offering flexible routes between emission sources and storage sites.
Stanlow Terminals is part of Essar Energy Transition, a spinoff of Essar created last year. The new company plans to spend nearly US$3 billion on carbon-lowering energy transition projects in the next five years.
Among the CO2 storage contributors connected to Essar Energy Transition include refiner Essar Oil UK, Vertex Hydrogen, EET Hydrogen India, and EET Biofuels.
ENI UK is also working on developing CO2 transport and storage for the HyNet North West consortium in the UK. HyNet North West is one of the UK’s most energy-intensive industrial districts and is attempting to shift into a low-carbon industrial cluster.
The partners participating in the HyNet project include Eni, EET, Progressive Energy, Cadent, Heidelberg Materials, Viridor, Uniper, Cargill, Engie, and Pilkington.
