Five suitors vying for Eni's carbon capture business, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
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Should l Buy ?
Source: Reuters
Bids for Eni's CCS Business: Five bidders, including financial investors and industrial players, have submitted non-binding offers for a minority stake in Eni's carbon capture and storage business as part of the company's strategy to raise funds for growth.
Eni's Broader Strategy: The sale aligns with Eni's plan to develop dedicated units for renewable energy and biofuels, while also addressing concerns about the commercial viability of CCS technology amidst its potential role in meeting climate goals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
