Finance
Italy's Eni eyes new unit to manage oil refineries, unions say
Published by Global Banking & Finance Review®
Posted on June 20, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 20, 2025
2 min readLast updated: January 23, 2026
Eni plans to establish Eni Industrial Evolution to manage oil refineries and bio-refineries in Italy, involving around 2,000 employees.
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)
Eni intends to set up a new company focused on managing oil refineries and fuels storage facilities in Italy.
The new unit, likely named Eni Industrial Evolution, could take onboard nearly 2,000 employees who work at the included sites.
EIE will manage traditional refining, primary logistics, and the conversion into bio-refineries of the Livorno and part of Sannazzaro plants.
Eni has been splitting some of its operations into separate entities and has secured deals with investors interested in these units.
Eni has created several units focused on low-carbon initiatives, including Plenitude for retail and renewable energy, and aims to establish a venture for carbon capture and storage.
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