Financing Eni’s Liverpool Bay T&S project

Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has acted as Mandated Lead Arranger, together with a consortium of international banks, in the financing of Eni’s Liverpool Bay T&S project, dedicated to the transportation and storage of CO₂.

Liverpool Bay T&S project will operate as the backbone infrastructure of the HyNet Cluster, designed to transport carbon dioxide captured from industrial sites located in North West England and North Wales to Eni’s depleted natural gas fields beneath the seabed of Liverpool Bay. Construction is expected to begin in 2025, using a combination of new and repurposed pipelines, with operations set to start in 2028.

HyNet is recognized as one of the world’s most significant Carbon Capture and Storage (CCS) projects and will play a key role in reducing emissions from a wide range of industrial sectors across the region.

Through this transaction, Intesa Sanpaolo reaffirms its commitment to supporting strategic initiatives that accelerate the energy transition and promote long-term sustainability.