Eni has announced the establishment of a new company called Eni Sustainable Mobility. This new company will focus on sustainable mobility and have services and products that help with the energy transition and speed up the path to net zero emissions.

Eni Sustainable Mobility will work on bio-refining, biomethane, and the sale of mobility products and services in Italy and other countries. This will help the company become a multi-service, multi-energy company.

The company takes over existing bio-refining and biomethane assets, like the bio-refineries in Venice and Gela. It will also oversee the development of new projects, like the ones in Livorno, Italy, and Pengerang, Malaysia, which are currently being looked at.

Eni Sustainable Mobility will also include a network of over 5,000 sales points in Europe to market and distribute several energy carriers, including hydrogen and electricity, as well as fuels of organic origin, including biomethane and HVO (Hydrogenated Vegetable Oil), as well as other mobility products, including bitumen, lubricants, and fuels. These stations will also help Eni's other mobility-related services, like the Enjoy car-sharing service, dining services, and stores near Eni's retail locations.

Eni CEO Claudio Descalzi said: “This new company will join Plenitude and become the second strategic lever supporting our energy transition pathway, which targets eliminating Scope 3 emissions. These have been the most significant part of our emissions and the most difficult to eliminate as they are generated by customers using our products. Through this operation, we will integrate and unlock new value from our industrial initiatives, products, and services based on innovative technologies that will form a unique and decarbonised mobility offering."

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Source: Eni