BlackRock has made a bold €1 billion investment into a carbon capture and storage (CCS) venture spearheaded by Eni, signaling a major vote of confidence in the future of decarbonization technology.
The deal centers on Eni’s carbon management business, which aims to build one of Europe’s largest CO₂ storage hubs in the North Sea. By acquiring a significant stake in the platform, BlackRock is placing a long-term bet on the viability and scalability of CCS as a solution to reduce industrial emissions and help hard-to-abate sectors meet climate targets.
Eni’s CCS division is part of its broader transition strategy, with the goal of storing up to 10 million tons of CO₂ per year by 2030. The North Sea project, currently under development, leverages depleted offshore gas fields as permanent carbon storage reservoirs.
>> In Other News: Wastewater Contaminants Boost Green Hydrogen Production
Carbon capture is no longer a fringe concept—it’s a central pillar of the net-zero agenda, said Eni executives, welcoming BlackRock’s participation as a sign of growing institutional confidence in the space.
For BlackRock, the investment aligns with its climate-focused infrastructure portfolio and increasing appetite for projects that offer both environmental impact and stable returns. It also supports Europe’s broader ambitions to become a global leader in CCS deployment, especially as pressure mounts to decarbonize heavy industry.
The €1 billion partnership could catalyze further private-sector investment into the sector, as other energy majors and governments look to replicate similar large-scale CCS initiatives.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Two Corporate Giants Just Backed “Air Mining”
Inside This Issue 🏦 Corporate Giants Signal DAC Market Is Ready for Prime Time ⚗️ Thyssenkrupp Nucera Abandons US Green Hydrogen Projects No Longer Deemed Feasible - CEO 🏭 Mission Zero Opens Third...
-
Freight’s Big Bet: Hydrogen’s Turning Point?
Inside This Issue 🚢 Freight Giants Drive Hydrogen's Market Reality ⚡ SunHydrogen Achieves Live Demonstration of Commercial-Size Hydrogen Module 📢 MAX Power Partners with Caram Media and TMI Digita...
-
McKinsey Says 120x: Who’s Actually Delivering?
Inside This Issue 📈 Carbon Capture's 120x Challenge: Who's Actually Delivering While McKinsey Calls for Scale ♻️ Emvolon and Montauk Renewables Announce Launch of Joint Venture to Convert Biogas i...
Company Announcements
-
Plug to Participate in the Canaccord Growth Conference
SLINGERLANDS, N.Y., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, is participating today in the Can...
-
Summit Carbon Solutions Hires New CEO, Continues Push for CO2 Pipeline
Summit Carbon Solutions has appointed industry veteran Joe Griffin as its new CEO, as the company continues to seek approval for a $9 billion carbon capture pipeline project spanning five states, T...
-
The Hydrogen Stream: EIA Sees Mostly Gray Hydrogen in U.S. by 2050
The U.S. Energy Information Administration (EIA) says US hydrogen production will increase about 80% by 2050, mainly from natural gas with minimal electrolyzer use, while key industry players advan...
-
Canada Invests in Carbon Capture and Storage in Ottawa
Canada is at a pivotal moment in history. Faced with global volatility, disrupted trade relationships and a changing environment, we must strengthen our economy while doing our part to lower greenh...