In Italy, Eni and MSC signed a memorandum of understanding aimed at developing joint initiatives in the field of sustainability and energy transition. Eni and MSC intend to extend the scope of their already fruitful business relationship to a broader geographic context and, in particular, to areas relating to sustainability and decarbonization of their operations. […]
In Italy, Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938 billion. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500 million; 2) the purchase of Enilive’s […]
In Italy, the Corriere della Serra newspaper reports Eni has commissioned the French investment bank Natixis to search for investors interested in acquiring a stake in Enibioch4in. Up for grabs is a large minority share that could reach up to 49 percent. Eni preferred not to comment on the rumors when contacted by the newspaper. […]
In Italy, Eni has received permission from the Italian Ministry of the Environment and Energy Security to begin construction of its planned biorefinery at Livorno. First announced in January, the site is to be ENI’s third biorefinery and have the capacity to produce 500,000 tons of HVO diesel, HVO naphtha, and bio-LPG using renewable raw […]
In Italy, Eni reported that Poste Italiane’s ground and air fleet will run on biofuels supplied by Enilive, Eni’s company dedicated to mobility services and products. This will accelerate Poste Italiane’s progress towards achieving its energy transition and carbon neutrality goals set for 2030, Eni said. The two companies signed a Letter of Intent to […]
In Italy, Eni said it has signed a temporary exclusivity agreement with KKR, a global investment firm, aimed at progressing the due diligence phase and completing the drafting of the documents related to the sale of a 20% to 25% stake in its biofuels unit Enilive, based on a valuation of the company between $12.5 […]
In Italy, Eni has signed a temporary exclusivity agreement with KKR, a leading global investment firm, aimed at progressing the due diligence phase and completing the drafting of the documents related to the sale of a 20% to 25% stake in Enilive, based on a valuation of the company between 11.5 billion and 12.5 billion […]
In Italy, Reuters reports Eni plans to offload its majority investments in biofuels and bioplastics by year’s end that could bring in up to €1.3 billion. Funds are in discussion with the company to buy 10% of its Enilive venture and up to 30% of its Novamont venture that would provide liquidity for the company […]
In Belgium, Italian oil giant Eni is failing to deliver on its promise to produce thousands of tonnes of biofuel crops, a new investigation by Transport & Environment (T&E), in collaboration with The Continent, shows. The study raises questions over the credibility of the company’s plan – which is backed by Italian prime minister Giorgia […]
In Indonesia, last week the Ministry of Energy and Mineral Resources of the Republic of Indonesia and Eni signed a Memorandum of Understanding to cooperate in the fields of energy transition and decarbonization. The MoU will allow Eni to assess the potential production of agri-feedstock for Enilive biorefineries, mainly from agro-industrial and forestry residues. Eni […]
