UK, Italy’s Eni unveil deal on carbon capture project | World News

London: UK government and Italian energy company Eni announced a deal to make a prominent on Thursday carbon capture And storage network to store millions of tons CO₂ Under the Irish Sea.
The Prime Minister Kir Stmper signed a deal at an energy summit in London.
“Earlier today, we finalized a deal with Eni, it will give them a £ 2 billion ($ 2.6 billion) prize in the supply chain contracts for high net carbon capture and storage projects, which created 2,000 jobs in North Wales and North West,”
Annie said that it was closed with Net Ziro for the UK Government’s Energy Safety Department and Liverpool Bagon Capture and Storage Project.
The agreement will allow the project to “move to the construction phase, unlocking key investments in the supply chain contracts,” it said.
The Labor Government said that in October it is planning to invest about 22 billion pounds in 25 years to develop carbon capture and storage in two former industrial areas of Northern Britain, so that the nation can help reach pure zero carbon emissions by 2050.
The government has not specified the exact amount that will be allocated to the ENI project.
Energy Secretary Ed Milliband said that the country was starting a new clean energy industry, carbon capture and storage “for our country.
CCS is a technique that tries to eliminate emissions for energy and burning fuel from industrial processes.
Carbon is captured from industrial sites such as power plants, cement plants and blast furnaces and permanently stored in various underground environment.
ENI plans to store 4.5 million tonnes₂ Per year, a volume that can grow up to 10 million after 2030, equal to the emission of four million cars.
Although complex and expensive, the CCS solution is supported by the intergrowwormal panel on Climate Change (IPCC), especially as a way to reduce the footprint of industries that are difficult to decrease greenhouse gas emissions and to limit global warming.
However, environmental non-governmental organizations have criticized Britain’s huge investment in the region, to focus on renewable energy.
In February, the Public Accounts Committee of Parliament also raised concerns, describing the “unsafe, first type of technology of the government”, which reached the net zero as “high-risk”.
According to the International Energy Agency, the world’s total CO₂ The capture capacity is currently only 50.5 million tonnes per year. It represents 0.1 percent of the world’s annual total emissions.