Eni in Talks to Sell 49.99% Stake in Carbon Capture Business to GIP
Published by Todd Bush on May 28, 2025
Publisher’s Note: Eni SpA will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17–20, 2025. Register to attend.
(World Oil) – Eni has signed an agreement with Global Infrastructure Partners (GIP), a global infrastructure investor and a part of BlackRock, for exclusive talks to potentially sell 49.99% in its carbon capture, utilization and storage (CCUS) business.
>> In Other News: Boeing Commits to Innovative Canadian Energy in Support of Canada P-8 Buy
Eni CCUS Holdings includes the Hynet and Bacton projects in the UK, L10 in the Netherlands, and has the future right to acquire the Ravenna project in Italy. In the medium-to-long term, additional prospects could be added to build a wide platform of CCUS projects.
According to the final agreement under negotiation, besides the initial acquisition of a 49.99% stake in Eni CCUS Holding, GIP will support investments in the CCUS projects.
According to Eni, this step represents another example of the development of its satellite model strategy, aiming at attracting strategically aligned capital from valuable new partners at attractive terms, confirming the value in its energy transition-related businesses and funding further growth.
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
-
CF Industries, JERA, Mitsui Breaks Ground on $4B Ammonia Plant
Inside This Issue 🏗️ CF Industries Secures Permits, Starts Construction on Blue Point Low-Carbon Ammonia Complex ⚡ US Backs ORNX's Green Ammonia Project in Western Sahara ♻️ Deduci Launches First ...
-
Mombak Delivered Google's Amazon Carbon Credits Early
Inside This Issue 🌳 Brazil's Mombak Delivers Early to Google, Other Buyers in Boost for Carbon Removal Credits 🛫 Two Years Later, Delta's Minnesota SAF Plant Opens 💧 Delaware Hydrogen Company Targ...
-
Can Amogy Power Data Centers With Ammonia?
Inside This Issue ⚡ Amogy and 2G Energy Successfully Demonstrate Integrated Ammonia-to-Power Generation With Natural Gas Multi-Fuel Capability ✈️ Argus Launches SAF Emissions Reduction Indexes and...
Company Announcements
-
Max Power’s commercial validation drill program at the Lawson Complex aims to confirm the world’s first large-scale commercial discovery of Natural Hydrogen as a new primary energy source. New Vi...
-
EarthOptics and Cquester Partner to Advance Trusted Soil Carbon Measurement at Scale
Strategic partnership combines EarthOptics carbon measurement and analysis with Cquester Analytics' pioneering soil organic matter functional analyses (e.g., POM/MAOM fractionation), providing carb...
-
Major financing milestone supported by Power Sustainable advances Canada's first biofuel plant with integrated CO2 liquefaction technology toward commissioning and commercial operations. Convertus...
-
GHG Protocol Announces Key Standard Development Updates
WASHINGTON, D.C. (July 29, 2026) – Greenhouse Gas Protocol (GHGP) today announces a series of updates to its corporate standards as it continues to strengthen its governance, leadership, and instit...