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Pipeline Pulse > Oil > Eni Spins Off Europe, Mideast Refineries
Oil

Eni Spins Off Europe, Mideast Refineries

Editorial Team
Last updated: 2026/01/06 at 9:06 AM
Editorial Team 2 months ago
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Eni SpA stated Monday it had transferred the administration of its conventional refineries and depots within the Center East and Europe to a brand new firm to streamline these belongings’ decarbonization.

Eni Industrial Evolution SpA now oversees the refineries of Sannazzaro de’ Burgondi (Pavia) and Taranto, the mum or dad’s stake within the Milazzo Refinery three way partnership and the Livorno refinery, the Robassomero plant, and the Analysis Heart South in San Filippo del Mela – all in Italy.

Eni Industrial Evolution has additionally taken over Eni’s “major logistics belongings – specifically depots and pipelines – and shareholdings in Ecofuel SpA and Costiero Gasoline Livorno SpA”, Italian state-controlled Eni stated in a web based assertion.

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These belongings had been beforehand beneath Eni’s “refining evolution and transformation” unit, Eni stated.

“The transaction, which entails the optimization of administration and the simplification and acceleration of processes characterizing the companies concerned, is a part of Eni’s technique to make sure a completely decarbonized power providing each in manufacturing processes and to shoppers, seizing the alternatives and development prospects provided by the power transition”, Eni stated.

“The company operation goals to develop new provide chains within the subject of business transformation, enhancing individuals’s experience and the applied sciences developed in downstream actions, to make sure a future based mostly on environmental, social and financial sustainability”, it added.

“Processing actions of uncooked supplies and semi-finished merchandise within the refineries, in addition to the reception, dealing with, storage and supply of merchandise in refineries and depots, can be ensured via contracts between Eni and Eni Industrial Evolution, to which licenses and authorizations, together with customs ones, can be transferred”.


Commercial – Scroll to proceed

Eni has appointed Umberto Carrara, beforehand refining evolution and transformation director, as chair and chief government of Eni Industrial Evolution.

Final yr Eni’s chemical substances arm, Versalis SpA, transferred its oilfield chemical substances belongings to a brand new firm known as Versalis Oilfield Options SRL in an enlargement bid.

“The operation goals to consolidate Versalis’ place within the oilfield providers sector by bringing collectively key experience and strategic actions in a single, targeted and operationally environment friendly entity”, Eni stated in a web based assertion July 1, 2025.

“Versalis’ oilfield operations embody analysis and improvement of superior chemical formulations, outsourcing their manufacturing and advertising solvents and components designed for the oil drilling trade. Merchandise are tailor-made to satisfy particular consumer necessities, whereas providers embody gross sales and after-sales help, making certain steady and certified technical help”.

Versalis Oilfield Options will broaden “the scope of actions by way of services and products, obtain greater income targets, and keep robust profitability”, Eni stated.

In 2024 Eni finalized a plan to rework Versalis, which makes primary chemical substances, chemical merchandise together with plastics and biochemical merchandise corresponding to biolubricants.

With an funding of round EUR 2 billion ($2.35 billion), the plan “goals to scale back emissions by roughly 1 million tonnes of CO2, at the moment about 40 % of Versalis’ emissions in Italy”, Eni stated in a web based assertion October 24, 2024.

To contact the writer, e-mail jov.onsat@rigzone.com


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