Eni CCUS Holding secures over $670 million financing for carbon capture and storage projects
Type: Financing · Technology: Industrial · Country: United Kingdom · Capacity: 4.5 million tonnes of carbon dioxide per year · Value: $670M · Announced: 2026-05-22
Eni CCUS Holding, a joint venture between Eni and Global Infrastructure Partners (part of BlackRock), secured a financing facility of over $670 million (£500 million) from a group of 13 international lenders. This financing will support its carbon capture and storage project platform, including the Liverpool Bay CCS project in the UK. The Liverpool Bay CCS project, part of the HyNet industrial decarbonization cluster, reached financial close with the UK government in April 2025 and is currently under development. The project is expected to have an initial storage capacity of 4.5 million tonnes of carbon dioxide per year, with potential to reach 10 million tonnes annually during the 2030s, and is slated to begin operations in 2028. The financing will also support other projects in Eni CCUS Holding's portfolio, such as the L10-CCS project in the Netherlands and the Bacton CCS project in the United Kingdom.
Counterparties
- Eni CCUS Holding (Borrower)
- BNP Paribas (Advisor)
- BlackRock (Parent Company)
- Global Infrastructure Partners (Parent Company)
- Eni (Parent Company)