BAKU, Azerbaijan, May 27. Eni has entered into
an exclusivity agreement with Global Infrastructure Partners (GIP),
a leading global infrastructure investor affiliated with BlackRock,
to advance the due diligence and finalize the sale of a 49.99%
stake in Eni CCUS Holding, Trend reports.
Eni CCUS Holding operates key Carbon Capture, Utilization and
Storage (CCUS) projects, including Hynet and Bacton in the UK, L10
in the Netherlands, and holds future rights to the Ravenna project
Under the proposed agreement, GIP will also support investments
in these CCUS projects. This move follows a competitive selection
process involving several international investors, highlighting the
strong interest and growth potential of Eni’s CCUS business.
The transaction aligns with Eni’s strategy to bring in strategic
partners to fund and grow its energy transition ventures. CCUS
technology is recognized as a mature and effective tool for
reducing emissions, especially in industries that are difficult to
decarbonize.
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