The UK Government and Italian energy company Eni are poised to green-light a 38-mile (61.1km) carbon capture pipeline designed to transport carbon dioxide from industrial sites in Liverpool and Manchester to offshore storage facilities, reported the Financial Times, citing sources.

The approval is set to be announced during a two-day energy security summit in London, starting today.

The pipeline project is part of a broader strategy by Eni to bolster its low-carbon initiatives.

In February, the company revealed plans to establish a dedicated entity for its carbon capture and storage (CCS) operations and to supply power to data centres as part of its 2025–28 strategy, the report said.

In 2022, the UK Government committed to investing up to £21.7bn ($28.7bn) over 25 years in CCS technology.

This investment aims to reduce industrial emissions, generate employment in northern England and support the nation's ambition to achieve net-zero emissions by 2050.

Last October, UK Chancellor Rachel Reeves announced plans to support CCS projects in two northern clusters, including necessary infrastructure and transportation.

The funding, pledged by the new Labour administration, is intended to capture emissions from various sectors including energy, industry and hydrogen power.

These CCS clusters, located in Merseyside and Teesside, are expected to create thousands of jobs and contribute to the UK's climate objectives.

The East Coast Cluster, supported by BP and Equinor, and another project by Eni are among the initiatives under development.

In a related move, Stockholm Exergi recently disclosed plans to build one of the largest carbon capture facilities globally, utilising CATACARB Enhanced Hot Potassium Carbonate technology.

This facility aims to capture and permanently store around 800,000 million tonnes of carbon dioxide annually, with operations commencing by 2028.