KfW IPEX-Bank provides financing for Liverpool Bay CCS CO2 transport & storage network in the UK

KfW IPEX-Bank contributes GBP 100 million to the multi-billion Eni’s Liverpool Bay CCS Carbon Dioxide Transport and Storage (T&S) Project to serve the HyNet industrial cluster in the Northwest of England and North Wales. The financing supports the transformation towards the decarbonisation of one of the UK's most energy-intensive industrial areas by using carbon capture and storage (CCS). Following the recent financial close of the Northern Endurance Partnership (NEP) project, this transaction is the second commercial project for financing a major CCS hub in the UK.

“We are proud to support this European landmark project that creates state of-the-art infrastructure for combining decarbonisation and industrial production” says Andreas Ufer, Member of the Management Board of KfW IPEX-Bank. “HyNet is a forward-looking example for the transition to net a zero economy in heavily industrialised areas.”

Over its 25-year lifespan the Liverpool Bay CCS project will operate as the backbone of the HyNet Cluster to transport carbon dioxide from capture plants across the Northwest of England and North Wales through new and repurposed infrastructure to safe and permanent storage in Eni’s depleted natural gas reservoirs, located under the seabed in Liverpool Bay. The project will make use of established oil & gas technologies and reservoirs. It will also focus on asset re-use by repurposing approximately 149km of existing onshore and offshore pipelines.

The Liverpool Bay CCS project forms part of the wider HyNet North West Cluster that will also produce, store and distribute low carbon hydrogen with the goal to foster economic growth in the Northwest of England and North Wales, transform the industry to net zero and boost energy security in the UK.

More information is available in Eni’s press release:

https://www.eni.com/en-IT/media/press-release/2025/04/eni-and-uk-reach-financial-close-for-the-liverpool-bay-ccs-project.html