BlackRock's GIP takes stake in Eni's CCUS business

BlackRock's GIP will acquire 49.99% of Eni's carbon capture and storage operations, including HyNet, L10, and Ravenna projects.

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Published Aug 18, 2025

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Global Infrastructure Partners (GIP), BlackRock's fund, will acquire nearly half of Eni's CCUS business. The portfolio includes UK's HyNet, Netherlands' L10, and future rights to Ravenna in Italy—all to be jointly developed. GIP's capital and expertise aim to scale deployment.

BlackRock's GIP takes stake in Eni's CCUS business

BlackRock's GIP takes stake in Eni's CCUS business

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