October 24, 2024
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Eni to Invest €2bn to Decarbonize and Revamp Chemicals Business
Eni, the Italian energy giant, has announced plans to invest €2 billion over the next five years to decarbonize and restructure its loss-making chemicals subsidiary, Versalis. The company aims to reduce Versalis' exposure to basic chemicals, which are in decline in Europe, and focus on biochemicals, sustainable chemistry, and energy storage.