United Living Group has signed a multi-year energy infrastructure contract worth hundreds of millions of pounds.
The group’s energy division will act as one of the main contractors on a new CO₂ transportation and storage project for Liverpool Bay CCS, part of energy company Eni.
The HyNet CO₂ pipeline, worth around £250 million over a three-year construction period, will transport CO₂ captured by industrial emitters across North West England and North Wales, to depleted natural gas reservoirs in Liverpool Bay for storage.
“This facility will be instrumental […] to unlock a low carbon economy […] and achieving the UK’s net zero target by 2050,” said United Living.
The pipeline will start in Ince, Cheshire, with United Living working on a more than 34 km stretch of new infrastructure, in conjunction with 24 km of existing pipeline, which will terminate in Point of Ayr, North Wales.
When operational, it will transport 4.5 million tonnes of CO₂ per year during its first phase, rising to almost 10 million tonnes in the 2030s.
United Living expects to create 300 additional industry roles for this project over the next two years.
“We are acutely aware of the pressing need to transition to a lower-carbon future and see CCS as a crucial element to the UK achieving its net-zero target,” said Neil Armstrong, United Living CEO.
“This project will also deliver huge benefits to the North West region, bringing major investment in local skills development, employment opportunities, and strong growth prospects for local businesses.”
United Living is targeting further expansion and growth after delivering another record financial result in November last year.
The group recently announced the separate acquisitions of power distribution and street lighting contractor, Jones, and property services business, PiLON, both for undisclosed sums.
Those deals followed the acquisition of a majority stake in two businesses operating in the renewable energy market and specialist engineering firm AFECO before that.
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