Eni sells stake in CCUS unit to Global Infrastructure Partners

DOWNSTREAM CENTRAL ASIA AND CASPIAN

Eni sells stake in CCUS unit to Global Infrastructure Partners

Eni has agreed to divest a 49.99% interest in Eni CCUS Holding to Global Infrastructure Partners, a subsidiary of BlackRock. Upon completion of the transaction, pending regulatory approvals, both companies will share control of the business.

Source: SustainedFuture

This partnership aligns with Eni’s objective of providing large-scale, technologically advanced decarbonization solutions, merging GIP’s expertise in midstream infrastructure with Eni’s technical, operational, and industrial strengths.

Eni CCUS Holding is responsible for the Liverpool Bay and Bacton carbon capture initiatives in the UK, with the Liverpool Bay project currently under construction, serving as a cornerstone of the HyNet industrial cluster, alongside the L10-CCS project in the Netherlands. Furthermore, it holds the option to acquire Eni’s 50% stake in the Ravenna CCS project in Italy and may explore additional initiatives in the future.

Relevant news

GO CIRCULAR
Eni progresses permit process for Its 2nd biorefinery in Sicily
Eni SpA announced the start of the authorization process for an Environmental Impact Assessment to establish a biorefinery and chemical recycling facility in Sicily
DOWNSTREAM CENTRAL ASIA AND CASPIAN
BASF cuts 2025 outlook as tariffs weigh on global economy
The chemical sector, a key indicator of global economic health, is facing instability, highlighted by BASF SE's 77% drop in net income and lowered EBITDA forecasts for Q2 2025.
GO NET ZERO ENERGY CENTRAL & EASTERN EUROPE
Clean Air Task Force and Go Net Zero Energy hosted a webinar on Central and Eastern Europe
The webinar for energy business professionals on Central and Eastern Europe's initiatives in the field of Carbon capture and storage (CCS) took place on 21st of Jan.
GO CIRCULAR
Nations unable to reach agreement to tackle global plastic pollution crisis
Delegates from 175 nations convened last week in Busan, South Korea, to negotiate a legally binding treaty focused on addressing global plastic pollution.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
KMG and Eni discussed issues of bilateral cooperation
Askhat Khassenov, Chairman of JSC NC KazMunayGas (KMG), met with Luca Vignati, Eni's Upstream Director.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Eni and Snam launch Ravenna CCS, Italy’s first Carbon Capture and Storage project
Eni and Snam have launched CO2 injection activities for Phase 1 of the Ravenna CCS project through their equal Joint Venture.