Intesa Sanpaolo joins £500m financing for Eni CCUS Holding

25 May 2026

Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, has taken part, alongside a pool of international banks, in a financing facility of more than £500 million in favour of Eni CCUS Holding, aimed at strengthening its Carbon Capture & Storage (CCS) project platform.

This financing will also enable other initiatives within Eni CCUS Holding’s portfolio, including:

• the L-10-CCS project in the Netherlands, one of the main storage sites in Northwest Europe
• the Bacton CCS project in the United Kingdom, which has the potential to support the progressive decarbonisation of industries in South East England and continental Europe.

The transaction is part of the collaboration between Intesa Sanpaolo, Eni, and Global Infrastructure Partners (“GIP”), a part of BlackRock, which are strategic partners in Eni CCUS. Within this framework, the IMI CIB Division also participated in the financing of the Liverpool Bay CCS (LBCCS) project, the backbone infrastructure of the HyNet industrial decarbonization cluster in the United Kingdom.

Through this initiative, Intesa Sanpaolo further confirms its commitment to supporting strategic projects for the energy transition, working alongside companies and industrial partners in the development of innovative and sustainable infrastructure.