Letter on carbon: Capturing the value of CCUS
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
Italian energy company Eni has entered into exclusive talks to sell 49.99% of its rapidly growing CCUS business unit to Global Infrastructure Partners (GIP), part of world-leading asset manager BlackRock. The deal with GIP, assuming it is finalised, reflects confidence in Eni’s strategy as well as a warming of investor sentiment towards CCUS. This new optimism should not be overstated, as the risks surrounding this highly capital intensive and operationally expensive business remain. Risks include stop-start government policy and regulation, potential safety issues with storage, opposition by the general public and uncertainty over future carbon pricing. The need to align the development of
Also in this section
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
9 October 2025
A balanced approach—combining hydrocarbons, renewables and emerging clean technologies—is essential for both energy security and sustainability
7 October 2025
As the EU remains deadlocked over its 2040 emissions goal, the IEA has tempered its climate rhetoric, forecasting that oil and gas will continue growing over the coming decades
30 September 2025
Policymakers must match their rhetoric with bolder action if they really want CCUS to scale up to meaningful levels
