Eni finalizes sale of 49.99% stake in Eni CCUS Holding to GIP, strengthening CCS growth and energy transition strategy.
Eni has officially completed a major strategic transaction with Global Infrastructure Partners (GIP), a prominent global infrastructure investment firm that operates as part of BlackRock. The agreement confirms the sale of a 49.99% equity stake in Eni CCUS Holding, positioning GIP as a significant partner in one of the world’s leading platforms dedicated to carbon capture and storage (CCS). The transaction, which was initially announced in August, has now successfully reached financial close following all required regulatory and legal approvals.
Under the finalized agreement, Eni and GIP will exercise joint control over Eni CCUS Holding. This governance structure reflects a shared strategic vision for the expansion and long-term development of CCS infrastructure, reinforcing the company’s role in supporting industrial decarbonization across Europe and beyond. The partnership also underlines strong investor confidence in the scalability, technical maturity, and commercial viability of CCS solutions.
Eni CCUS Holding currently manages a diverse portfolio of large-scale CCS initiatives through its subsidiaries. These include the Liverpool Bay and Bacton CCS projects in the United Kingdom, as well as the L10-CCS project located in the Netherlands. In addition, the company holds the right to acquire Eni’s 50% interest in the Ravenna CCS project in Italy, further strengthening its geographic footprint in strategic European markets. Looking ahead, Eni CCUS Holding is also well positioned to integrate additional CCS projects, allowing the platform to expand steadily over the medium to long term and create a broader, more diversified CCS portfolio.
The entry of GIP as a co-investor validates the effectiveness of Eni’s approach to developing CCS as a core pillar of its energy transition strategy. This partnership not only supports the acceleration of existing projects but also enhances the industrial strength, financial resilience, and overall value of the CCS portfolio. By combining Eni’s technical expertise with GIP’s infrastructure investment capabilities, the collaboration opens new avenues for growth while reinforcing Eni’s ambition to become a global leader in carbon capture and storage.
Eni CCUS Holding also exemplifies Eni’s “satellite model,” which is designed to attract strategically aligned external capital into selected energy transition businesses. This model enables faster growth, risk sharing, and value creation while maintaining strong industrial leadership. More broadly, CCS is recognized as a mature, safe, and proven technology and remains one of the most effective tools available to reduce emissions from hard-to-abate sectors such as cement, steel, and chemicals, making it a critical enabler of the global energy transition.
