As first announced at the presentation of its 2024-2027 Strategic Plan, Italian multinational company Eni has finalized its transformation and relaunch plan for its chemicals business, also as part of its decarbonization path. The transformation plan involves about 2 billion euros of investment and aims to reduce emissions by approximately 1 million tonnes of CO2, currently about 40% of Versalis’ emissions in Italy.
“We’re looking for a joint venture that will allow us to join forces to promote the business.” After days of rumors about the sale of its chemical division Versalis, yesterday the Ceo of Eni, Claudio Descalzi, gave this short answer to the reporters who urged him on the issue. It is at the same time a confirmation of the will of the Italian oil giant to back away from chemistry.
The advisor Barclays would then be at work not to look for buyers but partners and – if according to the agency Bloomberg would be affected several private equity firms – rumors in Italy say it has already started a negotiations with a private fund.
IL BIOECONOMISTA 