Eni has entered into an exclusive negotiation with Global Infrastructure Partners (GIP), part of the BlackRock group. BlackRockfor the potential sale of 49.99% of its subsidiary Eni CCUS Holding. This company is dedicated to the development of carbon capture, use and storage (CCUS) projects, with an active presence in the United Kingdom, the Netherlands and Italy.
Eni CCUS Holding’s operations
Eni CCUS Holding currently manages the HyNet and Bacton initiatives on British soil and the L10 project in the Netherlands. It also has the option to acquire the Ravenna development in Italy, pending regulatory developments in that country. This portfolio positions the company as one of the most relevant players in the promotion of industrial decarbonization technologies in Europe.
The alliance with GIP is part of Eni’s strategy to attract strategic partners that share its vision towards the energy transition. According to sources close to the deal, the agreement involves the sale of an equity stake and the financial backing of GIP for future investments in the carbon capture platform.
From a corporate perspective, this step allows Eni to capitalize on its technological expertise and reinforce its commitment to sustainable development. sustainable developmentThe transaction has attracted interest from a number of global players, reflecting the growing value of the CCUS sector as a key hub for the company’s sustainable development. The transaction has attracted the interest of several global entities, reflecting the growing value of the CCUS sector as a fundamental axis in the decarbonization plans of large industries.
This agreement, still in the final drafting stage, could mark a turning point in the model for the expansion of clean technologies in Western Europe. Eni thus continues to consolidate its role in the energy transition through corporate structures that allow it to accelerate investments without compromising industrial governance.
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Source: Eni
Photo: shutterstock
