Eni (E) Boosts UK's Decarbonization With HyNet North West [Yahoo! Finance]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
Company Research
Source: Yahoo! Finance
The decision enables Eni to proceed with constructing, operating, and maintaining a crucial infrastructure aimed at transporting CO2 from various capture plants to safe storage locations. The HyNet North West project is a groundbreaking initiative, marking the first Anglo-Welsh cross-border application for a Nationally Significant Infrastructure Project to receive a DCO. The project's progression into the execution phase is anticipated, with a Final Investment Decision expected by September 2024. At the heart of this initiative is the transportation of CO2 from industrial sites across northwest England and north Wales. The infrastructure will include both new and repurposed pipelines leading to Eni's depleted natural gas reservoirs beneath Liverpool Bay, offering a secure and permanent solution for CO2 storage. Eni's commitment to the UK market is reinforced by this project, particularly in the field of decarbonization. The company emphasizes the critical role of carbon capture
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- Eni S.p.A. (NYSE: E) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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E
Sec Filings
- 4/24/24 - Form 6-K
- 4/12/24 - Form 6-K
- 4/5/24 - Form IRANNOTICE
- E's page on the SEC website