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On Thursday, the UK government and the Italian Energy Company will announce the final light of the 38 mile pipeline for carbon dioxide collection from industrial plants around Liverpool and Manchester and bury them abroad.

Two people are familiar with the project that the advertisement would be collected by more than 60 leaders in London for a two -day summit energy protection.

EiniThe pipeline is a decisive part of Hynet North West, an industrial group that includes new plants for hydrogen production for use by local manufacturers.

The project supporters say that the 350,000 manufacturing function in the region will be safer in the future as a result of the plan and that it will create a value of 17 billion pounds from the economic value over the next 25 years.

The Italian company initially plans to store 4.5 million tons of carbon dioxide annually in a number of Gasfields exhausted 0.6 miles under the sea floor at Bay Liverpool, as it rose to 10 million tons after 2030, equivalent to the annual emissions of the 4MN.

Last October, the government said it would return to Hynet and another project on the eastern coast, Net Zero Teeside, almost. 22 billion pounds of support More than 25 years old.

At that time, Eni Claudio Descalze CEO said the support was an “important step” to create the British carbon capture industry. The ENI pipeline also won the permission of planning in March, wiping the way to obtain the final investment approval.

The government said in October that the projects in Mersisid and Tyside “will pump growth into the industrial heart in the northwest and northeastern England.”

But there were fears that a little money was not left for other carbon capture projects that were competing for government support, especially the projects in Hambar and Scotland.

And Eni refused to comment.

Meanwhile, Care Starmer, Prime Minister of the Kingdom, announced that he would provide 300 million pounds for external wind projects before the results of the government spending review in June.

This financing is designed to make projects less dangerous for private sector investors and building supply chains for new technologies such as floating wind platforms.

Additional reports by Jim Picard