Eni and BlackRock's Global Infrastructure Partners have secured 670 million dollars in financing to advance carbon capture and storage initiatives. This investment aims to scale the infrastructure needed to trap industrial emissions and store them underground. The deal highlights the growing role of private infrastructure funds in financing large scale decarbonization projects. It focuses on reducing the carbon footprint of heavy industry through dedicated capture technology and storage sites.
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Eni and BlackRock just locked in 670 million for carbon capture. Worth a look if you follow how big infra funds are actually pricing these projects.
The funding is one thing, but I want to see the actual site maps and pipeline permits. Carbon capture usually hits a wall when the transport infrastructure lags behind the capture tech. Do they have the easements sorted?
This likely hinges on specific tax credits or government subsidies to make the internal rate of return work for BlackRock. The financing is a signal that the regulatory framework for storage is becoming bankable.
Bankable is a strong word. These projects often have massive opex spikes once they move from pilot to full scale. I wonder what the actual cost per ton of CO2 is in this specific model.
