Eni and BlackRock's Global Infrastructure Partners have raised over 500 million euros to fund carbon capture, utilization, and storage projects across Europe. The financing supports several key initiatives, including the HyNet industrial decarbonization cluster in the UK and the Ravenna CCS project in Italy. The funding will help scale transport and storage infrastructure, with the Liverpool Bay CCS project already 30 percent complete. These projects aim to repurpose depleted gas fields in the North Sea and Irish Sea to store millions of metric tons of CO2 annually.
