Eni CCUS Holding manages key projects, including the Liverpool Bay and Bacton initiatives in the United Kingdom and the L10 project in the Netherlands. It also holds the option to acquire the Ravenna CCS project in Italy. The partnership aims to expand these efforts, fostering sustainable energy solutions across multiple regions.
“We are excited to partner with Eni, a global leader in CCUS,” said Bayo Ogunlesi, GIP’s Chairman and Chief Executive Officer. “GIP’s experience in midstream infrastructure, combined with Eni’s technical, operational, and industrial capabilities, will help accelerate the deployment of CCUS solutions at meaningful scale, furthering our commitment to serve growing market needs for affordable, decarbonized energy and products.”
The collaboration is expected to drive the growth of Eni’s CCUS platform, creating new opportunities and supporting decarbonization goals. “The decision to consolidate our CCUS global portfolio into a dedicated entity, and the entry of GIP as a strategic partner, will further enhance our ability to deliver large-scale, technically advanced decarbonization solutions,” said Claudio Descalzi, Eni’s CEO. “The development of our satellite model applied to our businesses related to the energy transition is therefore successfully continuing, confirming their significant attractiveness in terms of growth potential and value creation by attracting aligned capital, as well as their effectiveness in reducing emissions.”
The Liverpool Bay CCS project serves as a cornerstone of the HyNet Cluster, facilitating the transport of carbon dioxide from industrial capture plants in North West England and North Wales. It utilizes both new and repurposed infrastructure, including 149 kilometers of onshore and offshore pipelines and 35 kilometers of new pipelines, to connect emitters to permanent storage in Eni’s depleted natural gas reservoirs beneath the Liverpool Bay seabed.
This partnership strengthens the capacity to deliver innovative CCUS solutions, supporting sustainable energy transitions while creating economic value. By combining GIP’s infrastructure expertise with Eni’s operational capabilities, the collaboration aims to advance large-scale decarbonization projects, contributing to global efforts to reduce carbon emissions.
