Plant operator invests in tunnelling tech for UK’s first carbon capture development thanks to HSBC UK
The funding has enabled the business, which is a subsidiary of the Joseph Gallagher Group, to acquire specialist machinery capable of installing pipelines beneath roads, railways, rivers and coastal environments without the need for surface excavation.
Designed to support complex infrastructure projects, the equipment allows highly accurate, closed face tunnelling and pipeline installation while significantly reducing disruption, carbon emissions and environmental impact. Compared with traditional construction methods, it lowers waste volumes, enables full recycling of water used in the process and minimises noise, vibration and disruption above ground, while improving safety and environmental protection.
The machinery will be used to support major nationally significant infrastructure schemes, including the ENI-led Liverpool Bay Carbon Capture and Storage (CCS) project in the North West. The project will help enable the HyNet CO₂ pipeline, which is set to transport captured carbon dioxide from industrial plants across the North West of England and North Wales to permanent storage beneath the seabed in Liverpool Bay.
Steve Harvey, CEO at Joseph Gallagher Group, said: “This funding is another step forward as we continue to develop our capability to deliver design and construction solutions for pipelines and landfalls across the utilities sector. It also builds on our strong track record in larger diameter tunnelling, shaft sinking and concrete structures. HSBC UK understood our vision and has enabled us to invest in technology that will prove crucial to national infrastructure projects, like the Liverpool Bay Carbon Capture and Storage Project. We’re engineers before all else, so we are excited to be able to realise our business philosophy of providing the right solution for every challenge thanks to the bank’s support.”
Calum Malcolm, Relationship Director, HSBC Equipment Finance, added: “This deal underlines Joseph Gallagher’s commitment to sustainable engineering which not only advances low-carbon infrastructure but also sets a benchmark for environmental responsibility in the sector. By working together, we’re helping to drive and accelerate the UK’s transition to a more sustainable economy.”
Team Joseph Gallagher Group
Media enquiries to:
Erin Smith 0121 265 2760 HSBCSouthEast@grayling.com
Chioma Dijeh-Lester 07387 247862 Chioma.dijeh-lester@hsbc.com
Email: UKPressOffice@hsbc.co.uk
Notes to editors:
HSBC UK
HSBC UK serves over 15 million active customers across the UK, supported by 23,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates. HSBC UK is a ring-fenced bank and wholly-owned subsidiary of HSBC Holdings plc.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,233bn at 31 December 2025, HSBC is one of the world’s largest banking and financial services organisations