The new license is for the depleted Hewett gas field, which is located 20 kilometers (12.4 miles) offshore Bacton in Britain’s southern North Sea zone.
It follows the one secured by the Italian group in the Liverpool Bay Area in 2020, where Eni is the carbon dioxide transport and storage operator for the project known as HyNet North West.
CCS technology either removes carbon dioxide (CO2) from the atmosphere or captures it at the point of emission and stores it underground.
Eni stated that the initial CO2 storage capacity is projected to be around 6 million tons per year beginning at the end of the current decade and would be gradually increased to more than 10 million tons after 2030.
As part of its decarbonization strategy, Britain wants to store 20-30 million tons of CO2 per year by 2030.