{"id":144117,"date":"2024-05-22T07:20:00","date_gmt":"2024-05-22T05:20:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=144117"},"modified":"2024-05-14T14:12:17","modified_gmt":"2024-05-14T12:12:17","slug":"exclusive-eni-aims-to-sell-stakes-in-biofuel-bioplastic-units-by-year-end-sources-say","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/exclusive-eni-aims-to-sell-stakes-in-biofuel-bioplastic-units-by-year-end-sources-say\/","title":{"rendered":"Exclusive: Eni aims to sell stakes in biofuel, bioplastic units by year-end, sources say"},"content":{"rendered":"\n\n\n

Italian energy group Eni (<\/a>ENI.MI), aims to sell by year-end minority stakes in its biofuel and bio-plastic units that could fetch around 1.3 billion euros in total to speed up its energy transition, three sources said.<\/p>\n\n\n

\n
\"Eni
Eni CEO Claudio Descalzi speaks on a panel during CERAWeek by S&P Global in Houston, Texas, U.S. March 19, 2024. \u00a9 REUTERS\/Callaghan O’Hare\/File Photo <\/figcaption><\/figure><\/div>\n\n\n

The 50-billion euro ($53.11 billion) group has initiated preliminary discussions with funds and industrial investors to find a partner interested in a stake of up to 10% in biofuel unit Enilive, industrial and financial sources said.<\/p>\n\n\n\n

They said the unit could be valued at 10 billion euros or more, including debt.<\/p>\n\n\n\n

Separately, Eni is in talks with two suitors<\/a> to sell up to 30% in its bio-plastic business Novamont, which could value it at around 1 billion euros including debt, the sources said.<\/p>\n\n\n\n

These efforts are part of the Italian group’s broader strategy to set up separate entities – called “satellite” companies – that can tap specialised investors, helping Eni to fund greener businesses without sapping resources for oil and gas activities.<\/p>\n\n\n\n

Eni could consider to list Enilive in a second step, two of the sources said, either through an initial public offering or a spin-off depending on market conditions and the needs of the group.<\/p>\n\n\n\n

Enilive groups together multi-fuel service stations and biorefineries in Italy and abroad. In its 2024-2027 plan Eni forecasts the unit’s core earnings rising to 1.2 billion euros in 2025 from 1 billion euros expected this year.<\/p>\n\n\n\n

Piedmont-based Novamont, which Eni owns through its chemical unit Versalis, is the world’s leader in the production of bioplastics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Italian energy group Eni (ENI.MI), aims to sell by year-end minority stakes in its biofuel and bio-plastic units that could fetch around 1.3 billion euros in total to speed up its energy transition, three sources said. The 50-billion euro ($53.11 billion) group has initiated preliminary discussions with funds and industrial investors to find a partner interested […]<\/p>\n","protected":false},"author":59,"featured_media":144187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Separately, Eni is in talks with\u00a0two suitors\u00a0to sell up to 30% in its bio-plastic business Novamont, which could value it at around 1 billion euros including debt","footnotes":""},"categories":[5572],"tags":[6843,5714,5847,12584],"supplier":[3806,509],"class_list":["post-144117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bio-based","tag-biochemicals","tag-biofuels","tag-bioplastics","tag-biorefineries","supplier-eni-spa","supplier-novamont"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/144117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=144117"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/144117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/144187"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=144117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=144117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=144117"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=144117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}