Eni spins off refineries, depots into new unit

Italian energy group Eni said it transferred the refineries and depots it owns in Europe and the Middle East to a new unit called Eni Industrial Evolution.

The new unit includes Eni's Sannazzaro de Burgondi and Taranto refineries, the group's stake in the Milazzo refinery joint venture and the Livorno refinery in Italy, the energy group said.

"The transaction... is part of Eni's strategy to ensure a fully decarbonized energy offering both in production processes and to consumers," the Italian group said in a statement.

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