Eni and Global Infrastructure Partners, a part of BlackRock and strategic partner in Eni CCUS Holding, said the company has secured a financing facility of more…
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Eni and Global Infrastructure Partners, a part of BlackRock and strategic partner in Eni CCUS Holding, said the company has secured a financing facility of more than $670 million (£500 million) to support its carbon capture and storage project platform.
The financing was provided by a group of 13 international lenders and follows the project financing of the Liverpool Bay CCS project, part of the HyNet industrial decarbonization cluster in the United Kingdom.
The companies said market interest in Eni CCUS Holding exceeded the initially targeted financing amount.
BNP Paribas acted as sole financial adviser for the transaction.
Eni CCUS Holding said the financing reflects financial market confidence in its CCS strategy and project execution capabilities, as well as shareholder support from Eni and GIP.
The Liverpool Bay CCS project reached financial close with the UK government in April 2025 and is currently under development as a transportation and storage network for industries in the HyNet cluster.
The companies said more than 30% of construction work on the project has
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