BAKU, Azerbaijan, May 22. Eni and Global
Infrastructure Partners (GIP), part of BlackRock, announced that
Eni CCUS Holding is expanding its financing sources to further
strengthen its Carbon Capture and Storage (CCS) project platform,
Trend reports via Eni.


Following the successful project financing of the Liverpool Bay
CCS (LBCCS), the core infrastructure of the HyNet industrial
decarbonization cluster in the United Kingdom, strong market
interest in Eni CCUS Holding has continued, with demand
significantly exceeding initial targets.


In this context, Eni CCUS Holding secured a financing facility
of more than £500 million from a consortium of 13 international
lenders, including Banco BPM, BNP Paribas, BPER, DNB, ING, Intesa
Sanpaolo, Mediobanca, Mizuho, MUFG, NatWest, SMBC, Société
Générale, and UniCredit, with BNP Paribas acting as sole financial
advisor.


The transaction reflects strong market confidence in Eni CCUS
Holding’s strategic direction and execution capabilities, seen as
key to advancing industrial decarbonization. It also underscores
the long-term commitment of shareholders Eni and GIP, highlighting
their alignment on the strategic importance of CCS in the energy
transition.







The Liverpool Bay CCS project achieved financial close with the
UK Government in April 2025 and is currently under development as a
transport and storage network serving industries in the HyNet
Cluster. More than 30% of construction has already been completed,
in line with schedule.


With an initial capacity of 4.5 million tonnes of CO₂ per year
and the potential to scale up to 10 million tonnes annually in the
2030s, LBCCS is expected to become operational in 2028. It will
store CO₂ safely and permanently in depleted gas reservoirs beneath
the seabed of Liverpool Bay, using a combination of repurposed
offshore infrastructure and new pipeline systems connecting
industrial sites across North West England and North Wales.


The new financing will also support other projects within Eni
CCUS Holding’s portfolio, including the L10-CCS project in the
Netherlands and the Bacton CCS project in the United Kingdom. The
company also holds the option to acquire a 50% stake in the Ravenna
CCS project in Italy and may expand its portfolio further through
additional CCS initiatives over time.