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DOWNSTREAM CENTRAL ASIA & CASPIAN

Eni sells stake in CCUS unit to Global Infrastructure Partners

Eni has agreed to divest a 49.99% interest in Eni CCUS Holding to Global Infrastructure Partners, a subsidiary of BlackRock. Upon completion of the transaction, pending regulatory approvals, both companies will share control of the business.

Source: SustainedFuture

This partnership aligns with Eni’s objective of providing large-scale, technologically advanced decarbonization solutions, merging GIP’s expertise in midstream infrastructure with Eni’s technical, operational, and industrial strengths.

Eni CCUS Holding is responsible for the Liverpool Bay and Bacton carbon capture initiatives in the UK, with the Liverpool Bay project currently under construction, serving as a cornerstone of the HyNet industrial cluster, alongside the L10-CCS project in the Netherlands. Furthermore, it holds the option to acquire Eni’s 50% stake in the Ravenna CCS project in Italy and may explore additional initiatives in the future.

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