Financing for Eni CCUS Holding for Carbon Capture & Storage Projects

The IMI Corporate & Investment Banking Division of Intesa Sanpaolo, together with a group of international banks, participated in a financing facility exceeding £500 million for Eni CCUS Holding, with the aim of strengthening the platform for Carbon Capture & Storage (CCS) projects.

This initiative will also enable the launch of additional projects within Eni CCUS Holding’s portfolio, including:

• L-10-CCS in the Netherlands, one of the most significant storage sites in northwestern Europe
• the Bacton CCS projectB in the United Kingdom, which will contribute to the progressive decarbonization of industries in the southeast of the UK and in continental Europe.

The transaction is part of the collaboration between Intesa Sanpaolo, Eni, and Global Infrastructure Partners (“GIP”), part of the BlackRock group, strategic partners in Eni CCUS.

In this context, the IMI CIB Division had already participated in the financing of the Liverpool Bay CCS (LBCCS) project, a key infrastructure of the HyNet industrial decarbonization cluster in the United Kingdom.

With this initiative, Intesa Sanpaolo reaffirms its commitment to supporting strategic projects for the energy transition, collaborating with companies, industrial and financial partners in the development of innovative and sustainable infrastructure.