Eni and BlackRock's Global Infrastructure Partners have secured over $670 million in financing to scale up a carbon capture and storage platform across Europe. The funding supports projects in the UK, Italy, and the Netherlands, signaling a shift from small pilots to industrial-scale infrastructure. A primary focus of this investment is the HyNet industrial cluster and the Liverpool Bay CCS system in the UK. This project aims to capture emissions from heavy industry and store them in depleted offshore gas fields, with a target capacity of 10 million tonnes of CO2 per year by the 2030s.
