Global Infrastructure Partners (GIP) announced that it has entered into a definitive agreement to acquire a 49.99% interest in Eni CCUS Holding.

Eni CCUS Holding currently manages the Liverpool Bay and Bacton projects in the UK, the L10 project in the Netherlands, and holds an option to join the Ravenna CCS project in Italy—key assets focused on decarbonizing industrial clusters. The agreement also allows Eni CCUS to engage in future projects tied to Eni’s depleted oil and gas fields, pending suitable regulatory and market conditions. The platform is expected to grow, creating new business opportunities and strengthening its role in decarbonization efforts.

The collaboration will expedite the progress of these initiatives across various regions, delivering essential infrastructure to capture and permanently store CO2 emissions from hard-to-abate sectors. CCUS offers a reliable, proven, and scalable approach to decarbonize high-emission industries like steel, cement, and chemicals, while also reducing emissions in power generation. By storing or repurposing captured CO2, CCUS helps industries achieve climate goals, ensuring energy security and industrial competitiveness during the shift to a decarbonized economy.