Post by MUFG

MUFG offers our congratulations to Eni and Global Infrastructure Partners (GIP), strategic partners in Eni CCUS Holding, on the successful close of over £500 million in financing to strengthen the company’s portfolio of Carbon Capture & Storage (CCS) initiatives, including the Liverpool Bay Carbon Capture & Storage (LBCCS) project. The LBCCS project is designed to capture CO₂ and provide long-term storage in depleted gas reservoirs beneath the seabed of Liverpool Bay. This additional financing will help optimise Eni CCUS Holding’s capital structure while also supporting the development of its CCS initiatives across the UK and continental Europe. MUFG acted as Mandated Lead Arranger. Andrew Doyle, Director, Energy Structured Finance, MUFG EMEA, said: “We’re proud to support Eni and GIP on the financing of Eni CCUS Holding, which continues to position the UK as a leading hub for CCS activity. This transaction further strengthens our track record in financing the CCS sector, an emerging technology for advancing the energy transition and supporting the UK’s broader climate objectives.”