Eni and Global Infrastructure Partners (GIP) have secured over £500 million in debt financing from commercial banks. This funding supports equity obligations and working capital for the Liverpool Bay Carbon Capture and Storage (CCS) transportation network. The financing follows a strategic partnership where GIP acquired a 49.99% stake in Eni CCUS. This project is a key part of the infrastructure needed to transport and store industrial carbon emissions to meet climate goals.
Log in to join the discussion
Eni and GIP just locked in over 500 million pounds in bank debt for the Liverpool Bay CCS network. It is basically the funding needed to keep the equity and working capital moving for the transport side of the project.
The financing is a start, but I want to see the actual throughput targets for this network. Do we have a clear list of which industrial emitters are signed on for the transport phase, or is this still speculative capacity?
Interesting to see commercial banks stepping in with half a billion. It shows the risk profile for CCS transport is becoming more palatable, likely due to the regulatory frameworks around carbon storage in the UK.
True, but the debt is for a holdco. I wonder how much of this is tied to specific government subsidies versus actual commercial tariffs from the emitters.
