Eni CCUS Holding oversees key projects, including the HyNet and Bacton initiatives in the UK and the L10 project in the Netherlands. It also holds future rights to acquire the Ravenna CCS project in Italy, with plans to expand its portfolio of CCUS projects in the medium to long term. GIP’s involvement is expected to include financial support for these initiatives alongside the stake acquisition.
Eni stated: “The agreement follows a thorough selection process involving several prominent international players who expressed strong interest in the company, further confirming the great appeal of its business and its growth prospects.” This partnership highlights the value of Eni’s efforts in advancing energy transition technologies and securing funding for their development.
A key component of Eni’s CCUS portfolio is the Liverpool Bay CCS project, which supports the HyNet industrial cluster in one of the UK’s most energy-intensive regions. The project captures CO2 from facilities across North West England and North Wales, transporting it through new and repurposed infrastructure for permanent storage in Eni’s depleted gas reservoirs beneath the Irish Sea. The North Sea Transition Authority (NSTA) has approved this initiative.
Eni has awarded two engineering, procurement, and construction (EPC) contracts to Italian firms. an> Saipem will construct a new CO2 electrical compression station, while Rosetti Marino will deliver four platforms for CO2 storage in depleted reservoirs. These contracts mark significant progress in the project’s development.
In early May 2025, Eni was recognized as one of 44 oil and gas companies tasked with developing CO2 storage solutions to help the European Union achieve its goal of 50 million tonnes of annual CO2 injection capacity by 2030. This acknowledgment underscores Eni’s role in supporting sustainable energy solutions.
