Intesa Sanpaolo funds one of the world’s largest carbon capture plants

The image accompanying the News on the pool financing of over €700 million in favor of Stockholm Exergi for the construction of Beccs Stockholm, one of the largest plants in the world for the capture and permanent storage of biogenic CO₂, portrays an aerial view of Stockholm

14 May 2025

Intesa Sanpaolo’s IMI Corporate & Investment Banking Division has participated, together with a pool of international banks, in financing of over €700 million for Stockholm Exergi for the construction of Beccs Stockholm, one of the world’s largest facilities for the capture and permanent storage of biogenic CO₂.

The project will make a meaningful impact in the fight against climate change and contribute tangibly to the global energy transition.

The plant – expected to be operational by 2028 - will be located near Värtaverket in Stockholm and, once completed, will be able to capture and store up to 800,000 tonnes of CO₂ annually.

Stockholm Exergi is Stockholm’s largest energy company and serves more than 800,000 residents through its 3,000 km district heating network.

In this transaction, IMI CIB Division acted as Sole Global Coordinator and Sole Bookrunner, confirming the leading role of the Intesa Sanpaolo Group in financing strategic initiatives for the energy transition and environmental sustainability.