Global Infrastructure Partners to acquire 49.99% in Eni CCUS

* Global Infrastructure Partners, a part of BlackRock, has entered into a definitive agreement to acquire a 49.99% interest in Eni CCUS Holding.
* Eni CCUS currently encompasses the Liverpool Bay and Bacton projects in the UK, the L10 project in the Netherlands and has the option to participate in the Ravenna CCS project in Italy – cornerstone assets aimed at decarbonizing industrial clusters.
* The agreement also grants Eni CCUS the right to participate in potential future projects related to Eni’s depleted oil and gas fields once the relevant regulatory and market conditions allow.
* The partnership will accelerate the development of these projects across different geographies, providing critical infrastructure to capture and permanently sequester CO2 emissions from hard-to-abate industries.
* Source: Press Release [https://seekingalpha.com/pr/20203692-global-infrastructure-partners-enters-agreement-to-acquire-co-control-stake-of-49_99-percent]

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