Eni announced it will enter into a period of exclusivity with Global Infrastructure Partners (GIP), a global infrastructure investor and a part of BlackRock.
The agreement is aimed at progressing the due diligence phase and completing the drafting of documents related to the sale of a co-controlling stake of 49.99 percent in Eni CCUS Holding to GIP.
Eni CCUS Holding, a European player in the carbon capture, utilization and storage (CCUS) sector, operates the Hynet and Bacton projects in the United Kingdom, the L10 project 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 Eni.
CCUS, an efficient and effective decarbonization tool to support hard-to-abate industries in reducing their emissions, is one of the key levers for the energy transition. In addition to the initial acquisition of a 49.99 percent stake in
