BAKU, Azerbaijan, December 19. Italian Eni and
Global Infrastructure Partners (GIP), a leading global
infrastructure investor affiliated with BlackRock, said they have
closed the sale of a 49.99% stake in Eni CCUS Holding, a major
player in the carbon capture and storage (CCS) sector, Trend reports via
Eni.
Under the deal, first announced in August, Eni and GIP will have
joint control of the company.
Eni CCUS Holding operates the Liverpool Bay and Bacton projects
in the UK, as well as the L10-CCS project in the Netherlands. The
company also holds the right to acquire Eni’s 50% stake in the
Ravenna CCS project in Italy and may expand to other CCS
initiatives in the medium to long term.
All legally required approvals for the transaction have been
obtained.
CCS is considered a mature and safe technology and a key tool
for decarbonizing hard-to-abate industries, supporting the broader
energy transition.
Eni is an integrated energy company that wants to contribute to
a socially equitable energy transition through solid and
economically sustainable solutions.
The company mission includes the Sustainable Development Goals
(SDGs) of the United Nations 2030 Agenda. Eni is committed to
helping ensure energy security by leveraging a global portfolio and
strategic alliances with producing countries. At the same time, it
is implementing a transition strategy based on a technologically
neutral and pragmatic approach aimed at maintaining the
competitiveness of the production system and social
sustainability.
