Deal highlights Mizuho’s long-term commitment to its clients
London, 11 June 2026: Mizuho is proud to have acted as Mandated Lead Arranger, Facility Agent and Security Agent for a financing facility of more than £500 million from a pool of 13 international lenders to Eni CCUS Holding to strengthen its Carbon Capture & Storage (CCS) project platform.
Following the successful project financing of Liverpool Bay CCS (LBCCS), the backbone infrastructure of the HyNet industrial decarbonization cluster in the United Kingdom, Mizuho continues to support the development of Eni’s strategy in the CCUS space.
Eni and Global Infrastructure Partners (“GIP”), a part of BlackRock, strategic partners in Eni CCUS Holding, announced that Eni CCUS Holding expanded its financing sources to strengthen its Carbon Capture & Storage (CCS) project platform.
Carbon capture and storage (CCS) is playing an increasingly important role in supporting industrial transformation and reduction of emissions in hard-to-abate sectors. In this context, Eni CCUS Holding secured a facility of more than £500 million to finance the expansion of its CCS project portfolio across the UK and Europe.
Commenting on the financing, Vito Di Renzo, Senior Banker, Mizuho EMEA: “We are sincerely proud to keep supporting Eni, as co-largest MLA, on this landmark transaction in the CCUS space, hence accelerating the development of CCUS infrastructure in EMEA. This deal further demonstrates our strong commitment to Eni on a global scale and across its strategic satellites.”
Salvatore Ciccarelli, Co-Head of Infrastructure and Advisory, Mizuho EMEA, also commented: ““This landmark transaction reflects Mizuho’s long-term commitment to supporting clients, such as GIP, in the delivery of long term infrastructure solutions, and the broader confidence in CCS as a key part of the energy transition”.
CCS emerged as a crucial infrastructure to start decarbonizing hard-to-abate industries and sits at the center of UK government’s industrial decarbonization strategy. The transaction also highlights the long-term commitment of Eni CCUS Holding’s shareholders, Eni and GIP, and confirms their full alignment on the strategic role of CCS in the energy transition.
The LBCCS project reached financial close with the UK Government in April 2025 and is currently under development as a transportation and storage network serving industries within the HyNet Cluster. More than 30% of construction works have already been completed, in line with the original schedule. Other projects within Eni CCUS Holding’s portfolio include L10-CCS in the Netherlands, and the Bacton and Tellus CCS projects in the UK.
The financing facility brings together a group of 13 international lenders, providing long-term support to the development of CO₂ transport and storage infrastructure. This milestone deal demonstrates the importance of CCS scalable solutions in supporting industrial transformation and overall energy transition.
About Mizuho EMEA
Mizuho EMEA provides corporates and institutions in the region with unparalleled access and expertise in Japan and Asia, and supports clients with their corporate and investment banking, and asset management needs. Headquartered in London and with a strong presence throughout the region, our client base includes leading corporations, financial institutions and state owned entities. Mizuho is deeply committed to serving client needs, enabling our people to flourish, and helping to improve society and communities where we do business.
Mizuho’s presence in EMEA is an integral part of the Japan-based Mizuho Financial Group, Inc. Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has over 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of December 2025, its total assets were ~US$2 trillion.
