It's time to tidy up at Eni. With the beginning of the year, the six-legged dog reorganizes its various activities with the aim of keeping the oil business separate from the non-oil one and thus ordering the group's sustainable assets. So he created the newco Eni Sustainable Mobility, dedicated to sustainable mobility and destined to become a multi-service and multi-energy company. It is 100% controlled by Eni and led in the role of CEO by Stefano Ballista, former Director of Sustainable Mobility of Energy Evolution of Eni.
Il Eni title a Business Square share at mid-morning 13,55 euros, up 1,96%.
Eni Sustainable Mobility "is a vertically integrated company along the entire value chain, which aims to provide progressively decarbonised services and products for the energy transition, accelerating the path towards zeroing emissions throughout their entire life cycle” says a note from the San Donato Milanese company. In particular, Eni Sustainable Mobility will develop the biorefining, biomethane and the sale of products, services and solutions for mobility sectors, in Italy and abroad, in a path that will see it evolve towards a multi-service and multi-energy company.
“This new company represents the second strategic lever, to be added to Fullness, as part of our energy transition process for the reduction of Scope 3 emissions, the most significant and difficult to eliminate since they are generated by customers through the use of products", said Claudio Descalzi, CEO of Eni. "Through this operation we integrate and release new value from our industrial initiatives, products and services based on innovative technologies and which will constitute a unique and decarbonised offer for mobility".
Here are the assets that flow into Eni Sustainable Mobility
First, the assets of the biorefining and biomethane. For example, the biorefineries of Venice and Gela and the development of new projects such as Livorno and Pengerang, in Malaysia, which are currently being evaluated, are merged here. They will also be moved here on marketing and commercialization, through a network of over 5.000 points of sale in Europe, of all energy carriers including hydrogen and electricity, the fuels also of a biological nature such as the HVO (Hydrogenated Vegetable Oil) and the biomethane, as well as other mobility products such as i bitumen, lubricants and fuels. Furthermore, all the services connected to mobility, such as the car sharing Enjoy, la Catering and proximity shops in the points of sale in the area.
