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United Infrastructure revenues boosted by Carbon Capture ventures
['Floyd March']
Energy Voice
United Infrastructure has boosted revenue 17.8% to £845.8 million after it secured an order book of £4.6 billion in its end-of-year results.
United Infrastructure chief executive Neil Armstrong pointed to its selection as delivery partner for Eni’s Liverpool Bay carbon capture and storage project for the track 1 winning HyNet North West scheme as a signifier of its growth.
With a contract valued at £250m, United Infrastructure expects to create around 300 jobs on the project, and Eni confirmed its intention to bolster the workforce by a further 300.
United Infrastructure splashes the cashIn February, United Infrastructure acquired engineering firm Simkiss Group, growing its energy-focused arsenal.
The acquisition represented another step in Apollo-owned United Infrastructure’s interest across the energy, power and utilities sector.