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
-
Honda Repositions Hydrogen Strategy After Michigan Pivot
Inside This Issue 🚪 Honda Exits Fuel Cell Partnership as Hydrogen Pivots ♻️ A Breakthrough That Turns Exhaust CO2 Into Useful Materials ✈️ FedEx Takes Delivery of SAF at Dallas Fort Worth and New ...
-
QIMC Hits 5,558 ppm Hydrogen in Nova Scotia Discovery
Inside This Issue 🔍 QIMC Hits 5,558 ppm Hydrogen in Nova Scotia Discovery 🏗️ Haffner Energy Launches the C-iC Modular Units Line to Unlock Financing for Mid-Sized Biofuel Projects 🌱 CF Industries,...
-
$77.5B Carbon Pipeline Just Got Federal Backing
Inside This Issue 💰 Congress Preserves Carbon Management Funding in FY26 Bill Heading to Trump's Desk 🧪 HYCO1 Announces Three U.S. Patents Powering the Most Advanced Syngas Production Platform Thr...
Company Announcements
-
FedEx Takes Delivery of SAF at Dallas Fort Worth and New York–JFK International Airports
In 2025, FedEx deployed blended SAF for the first time at five major U.S. airports. MEMPHIS, Tenn., Jan. 29, 2026 – FedEx introduced sustainable aviation fuel (SAF) at two more U.S. airports towar...
-
Air Products (NYSE: APD), the world’s leading supplier of hydrogen, today announced that it was recently awarded supply contracts from the National Aeronautics and Space Administration (NASA) total...
-
Green Ammonia Demonstration Plant of JGC Begins Producing Ammonia Using Hydrogen From Asahi Kasei
Asahi Kasei Corp. is pleased to announce that a demonstration plant1 utilizing green ammonia production technology of JGC Holdings Corporation (JGC) began producing ammonia in January 2026, using h...
-
A Breakthrough That Turns Exhaust CO2 Into Useful Materials
Summary: Scientists have created a device that captures carbon dioxide and transforms it into a useful chemical in a single step. The new electrode works with realistic exhaust gases rather than re...