Eni SpA announced that it has begun the authorization process for an Environmental Impact Assessment to establish a biorefinery and a chemical recycling facility in Sicily, following approval from Italy's Environment and Energy Security Ministry.
Eni has agreed to divest a 49.99% interest in Eni CCUS Holding to Global Infrastructure Partners, a subsidiary of BlackRock. Upon completion of the transaction, pending regulatory approvals, both companies will share control of the business.