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Eni and BlackRock's GIP take joint control of carbon capture unit
Reuters· 2025-12-18 15:26
Core Insights - Eni has finalized the sale of a 49.99% stake in its carbon capture and storage unit to BlackRock's infrastructure fund Global Infrastructure Partners, resulting in joint control of the business between the two entities [1] Company Summary - Eni has engaged in a strategic partnership by selling a significant stake in its carbon capture and storage unit, indicating a shift towards collaboration with major investment firms [1] - The transaction enhances Eni's focus on sustainable energy solutions while leveraging BlackRock's investment capabilities in infrastructure [1] Industry Summary - The deal reflects a growing trend in the energy sector towards carbon capture and storage technologies, highlighting the increasing importance of sustainability in investment strategies [1] - Joint ventures in carbon capture and storage are becoming more common as companies seek to address climate change and regulatory pressures [1]