Posted By Global Banking and Finance Review
Posted on June 20, 2025
MILAN (Reuters) -Eni intends to set up a new company focused on several assets including oil refineries and fuels storage facilities in Italy, two unions said after a meeting with the state-controlled energy group earlier this week.
The new unit, which will likely be named Eni Industrial Evolution (EIE), could take onboard nearly 2,000 employees who work on the sites that will be included in it, the unions said.
"EIE will take over the management of traditional refining, primary logistics and the conversion into bio-refineries of the Livorno and part of Sannazzaro plants," FEMCA CISL union said in a statement published on its website on Thursday.
Eni declined to comment on the news from the unions, which was first reported by Italian daily Corriere della Sera.
The state-controlled group has been splitting some of its operations into separate entities, or satellites, and has clinched deals with investors interested in these units.
On the low-carbon front, Eni has created retail and renewable unit Plenitude, biofuel company Enilive and aims to set up a venture dedicated to carbon capture and storage by the end of this year.
(Reporting by Francesca Landini; Editing by Toby Chopra)
