Economy

HyNet can deliver jobs and growth for the regional and UK economy.

  • £17 billion Gross Value Added for the North West. £31 billion for UK.
  • 5000 North West jobs created to 2025 and many more beyond.
  • Helps to protect energy intensive industry jobs across the North West.
  • First UK CCUS infrastructure at low cost through the practical and economic re-use of the Liverpool Bay oil and gas fields site.
  • Over 80% of the construction spend and over 60% of the design and engineering sourced in the North West.
  • Positions the North West and the UK as leaders in hydrogen technologies and skills for export.
  • Hydrogen infrastructure can attract new inward investment.

“…a big step towards a green future.”

Andy Burnham, Mayor of Greater Manchester

Environment

HyNet brings multiple environmental benefits including a significant reduction in CO2 emissions.

  • Over 1 million CO2 savings per annum. The equivalent carbon reductions of taking more than 600,000 cars off the road.
  • Significant reduction in CO2 emissions from energy intensive industrial gas users.
  • CO2 emissions savings from domestic heat, with no expensive changes needed around the home.
  • 5-6 Terrawatt Hours of low carbon heat per annum; greater than that from all current UK heat network schemes.
  • Hydrogen infrastructure can facilitate vehicle fuelling hubs for transport including buses, HGVs and trains supporting cleaner airs in NW towns and cities.
  • Stimulates investment in other renewable energy projects in the region by providing an alternative (to power) route to market.