Italian energy group Eni said on Thursday it would invest 2 billion euros ($2.2 billion) in five years to decarbonise and relaunch its loss-making chemical unit Versalis.
E's Plenitude launches the 13 MW Numancia wind farm in Soria, producing 31 GWh annually and powering 9,500 homes, further expanding its renewable energy footprint in Spain.
E's subsidiary, Plenitude, introduces "On the Road," streamlining its charging solutions to improve customer experience and promote electric mobility in Europe.
Eni is known as one of the oil majors. Few know that E has many fast-growing units, such as the biofuel division Enilive and the renewables business Plenitude. These businesses are attracting big investments by large international funds, making Eni's current valuation look deeply discounted. I suggest taking advantage of the current dip and going long.
E's first Methane Report outlines the company's decade-long mission to reduce methane emissions and its goal to achieve near-zero emissions by 2030.
The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months.
Italy's Eni considers Libya a key country for upstream activities and plans to start exploration in the Ghadames basin next year, the energy group's head of North Africa and Levant said on Monday.
E is in talks with several funds to sell a 10% stake in its renewable unit Plenitude, valued at over 10 billion euros, as part of its strategy to fund its energy transition.
Italian energy group Eni is in talks with several funds over the potential sale of a minority stake in its renewable and retail business Plenitude, two sources with knowledge of the matter said on Friday.
E restructures its business to unlock satellite company value, drive chemical division transformation and accelerate decarbonization efforts.
E is set to begin construction of its third biorefinery in Livorno after receiving approval from Italian regulators, advancing its mission to achieve carbon neutrality by 2050.
Italy's Eni has approved a new business structure to enhance the value of its satellite companies such as Plenitude and Enilive and consider new partners and future public listings, the energy group said on Thursday.