Eni signs exclusivity deal with GIP for near-50% co-control stake in Eni CCUS Holding.
Deal includes key UK, Dutch, and future Italian CCUS projects, with potential for broader platform expansion.
Supports Eni’s strategy to attract capital for energy transition and scale decarbonization assets.
Eni has signed an exclusivity agreement with Global Infrastructure Partners (GIP), a BlackRock-owned infrastructure investor, to advance the sale of a 49.99% co-control stake in Eni CCUS Holding. The agreement marks a key step in confirmatory due diligence and transaction documentation.
Eni CCUS Holding manages several leading Carbon Capture, Utilization and Storage (CCUS) projects in Europe, including the Hynet and Bacton hubs in the UK and the L10 project in the Netherlands. The deal also secures GIP a future right to acquire the Ravenna project in Italy, pending regulatory and market developments.
“CCUS is a mature and safe technological process and it is one of the key levers for the energy transition,” Eni stated, “being the most efficient and effective decarbonization tool to support hard-to-abate industries in reducing their emissions.”
Beyond equity acquisition, GIP is expected to support ongoing investments across the CCUS portfolio, reinforcing Eni’s goal of scaling its decarbonization infrastructure.
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The exclusivity agreement follows a competitive process involving several global players, underscoring strong investor interest in Eni CCUS Holding’s growth potential.
“This step represents another example of the development of Eni’s satellite model strategy,” the company added, “aiming at attracting strategically aligned capital from valuable new partners at attractive terms.”
The transaction is a key milestone in Eni’s broader push to monetize and expand its energy transition ventures, while partnering with institutional capital to fund next-stage growth.
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