Eni launches Eni Industrial Evolution to manage refining assets and accelerate sustainable industrial transformation through circular economy-driven supply chains.
Eni has announced a significant step in its long-term industrial transformation strategy with the establishment of a new company dedicated to managing and evolving its traditional downstream assets. Effective January 1, 2026, the business branch previously operating under Eni’s Refining Evolution & Transformation unit has been transferred to a newly formed company, Eni Industrial Evolution S.p.A. This corporate reorganization is designed to strengthen operational efficiency while accelerating the transformation of legacy industrial activities in line with the energy transition.
The newly created company will be responsible for overseeing traditional refining and logistics assets located across Europe and the Middle East, while also playing a central role in advancing new industrial supply chains. A strong emphasis will be placed on circular economy principles, enabling the reuse, conversion, and optimization of materials and processes to reduce environmental impact and enhance resource efficiency. Through this structure, Eni aims to combine continuity in asset management with innovation-driven transformation.
This transaction represents more than a legal or organizational change. It reflects a broader strategic objective to simplify management structures, optimize governance, and streamline decision-making processes. By separating asset management into a focused entity, Eni expects to accelerate execution, improve operational responsiveness, and unlock new growth opportunities associated with industrial decarbonization. The move aligns with the company’s ambition to deliver a fully decarbonized energy offering, both in terms of production methods and end-use solutions for customers.
As of January 1, the operational scope of Eni Industrial Evolution encompasses several key assets. These include the refineries located in Sannazzaro de’ Burgondi (Pavia) and Taranto, the company’s stake in the Milazzo Refinery joint venture, and the Livorno refinery. The portfolio also includes the Robassomero plant, the Research Center South in San Filippo del Mela, and a range of strategic logistics assets such as depots and pipeline infrastructure. In addition, shareholdings in Ecofuel S.p.A. and Costiero Gas Livorno S.p.A. form part of the transferred business perimeter.
A key objective of the operation is the development of innovative industrial supply chains capable of supporting sustainable growth. By leveraging the technical expertise of its workforce and the technologies developed within downstream operations, Eni Industrial Evolution is expected to play a crucial role in shaping future-oriented industrial solutions. These solutions are intended to balance environmental responsibility with social value creation and long-term economic viability.
Operational continuity will be ensured through contractual agreements between Eni and the new company. Under these arrangements, processing activities involving raw materials and semi-finished products at refineries, as well as the reception, handling, storage, and distribution of products at refineries and depots, will continue seamlessly. All relevant licenses and authorizations, including customs permits, will be transferred to Eni Industrial Evolution to guarantee regulatory compliance and operational stability.
Leadership of the new company has been entrusted to Umberto Carrara, who will serve as Chairman and Chief Executive Officer. His appointment underscores Eni’s intention to guide this transformation with experienced leadership capable of integrating traditional industrial expertise with forward-looking sustainability objectives.
