Eni Partners with GIP for Carbon Capture and Storage Venture

Eni, a global energy company, has agreed to sell a 49.99% stake in Eni CCUS Holding to BlackRock's Global Infrastructure Partners (GIP). Eni CCUS Holding is a subsidiary focused on carbon capture, utilization, and storage (CCUS) technology. The deal aims to support Eni's efforts in reducing greenhouse gas emissions and achieving its decarbonization goals.

Eni, a global energy company, has agreed to sell a 49.99% stake in Eni CCUS Holding to BlackRock's Global Infrastructure Partners (GIP). The agreement, announced on August 18, 2025, follows an exclusive negotiation process initiated in May of the same year [1].

Eni CCUS Holding, a subsidiary focused on carbon capture, utilization, and storage (CCUS) technology, aims to maximize the industrial potential and value of Eni's CCUS projects. The company operates several projects, including the Liverpool Bay and Bacton projects in the UK, the L10-CCS project in the Netherlands, and has the right to acquire Eni's 50% stake in the Ravenna CCS project in Italy [1].

The deal, which will see Eni and GIP hold joint control of the company, is a significant step towards strengthening the business case for CCUS and the development of Eni CCUS Holding. This subsidiary is an integral part of Eni's satellite model, which highlights the value of its energy transition businesses [1].

CCUS is a mature and safe technological process that is currently the most efficient and effective decarbonization solution to support hard-to-abate industries in reducing their emissions. This agreement aligns with Eni's broader goal of reducing greenhouse gas emissions and achieving its decarbonization objectives [1].

Eni's CEO, Claudio Descalzi, commented on the deal, stating that it will further enhance Eni's ability to deliver large-scale, technically advanced decarbonization solutions. Bayo Ogunlesi, GIP’s Chairman and Chief Executive Officer, expressed excitement about the partnership, highlighting the potential for accelerating the deployment of CCUS solutions at meaningful scale [1].

The closing of the transaction is subject to the approvals provided by law. The entry of GIP, a significant international investor, marks a crucial step towards strengthening the business case for CCUS and the development of Eni CCUS Holding [1].

References:
[1] https://www.eni.com/en-IT/media/press-release/2025/08/eni-signs-agreement-for-gip-to-enter-eni-ccus-holding-s-share-capital.html
[2] https://www.marketscreener.com/news/eni-signs-deal-for-gip-to-acquire-stake-in-eni-ccus-holding-ce7c51dcd981f323