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
-
$800M Baton Rouge BECCS Plant Marks Turning Point for U.S. Carbon Capture
Inside This Issue 🏭 $800M Baton Rouge BECCS Plant Marks Turning Point for U.S. Carbon Capture 💸 CUR8 Raises Seed Round Led by Airbus Ventures 🌾 New Belgium, Root Shoot Malting, and Olander Farms S...
-
How States Are Rewriting the DAC Playbook
Inside This Issue 🌎 States Drive Direct Air Capture Forward as Markets Mature 🏭 Aircapture Launches First Commercial DAC Facility in Japan ⚡ Transition Industries Awards Techint E&C and Siemen...
-
Inside CF Industries’ $4B Clean Ammonia Pivot
Inside This Issue 🧪 How CF Industries Became the Fertilizer Giant Leading America's Clean Ammonia Revolution 📈 Altitude Expands Ascent 1 Large-scale Financing Facility to 250,000t CDRs ⛏️ Global E...
Company Announcements
-
MAX Power Confirms Lead Target For Canada’s First Dedicated Natural Hydrogen Well
Well licensing begins imminently followed by Q4 drilling MAX Power’s Natural Hydrogen team is assessing at least 20 Lawson “look-a-likes” at Genesis MAX Power releases Saskatchewan Natural Hydroge...
-
Linde Appoints Sanjiv Lamba As Chairman & CEO
WOKING, England--Linde (Nasdaq: LIN) today announced that its Board of Directors has appointed Sanjiv Lamba, currently serving as Chief Executive Officer, to the additional role of Chairman of the ...
-
Britain Signs Deals For Carbon Capture Projects Creating 500 Jobs
LONDON, Sept 25 (Reuters) - Britain has signed contracts for two commercial projects to capture and store carbon dioxide emissions which are expected to generate around 500 skilled jobs, the govern...
-
HOUSTON--(Business Wire)--Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and hydrogen facilities, has awarded Siemens Energy and Techint Engineering &...