Global Infrastructure Partners (GIP), an infrastructure investor part of BlackRock, has entered into a definitive agreement with Italy’s energy giant Eni for the acquisition of a co-control 49.99% interest in the latter’s carbon capture, utilization, and storage (CCUS) business.
The partners in May announced they had signed an exclusivity agreement for the 49.99% stake in Eni CCUS Holding . The agreement grants Eni CCUS the right to participate in potential future projects related to Eni’s depleted oil & gas fields once the relevant regulatory and market conditions allow.