Italy-based energy company Eni has announced the launch of a new company, Eni Sustainable Mobility, which is dedicated to provide sustainable mobility.

Eni Sustainable Mobility is a vertically integrated company along the entire value chain. It aims to deliver services and products that underpin the energy transition, expedite the path to zero emissions throughout their entire life cycle, stated Eni.

The newly launched company is expected to develop bio-refining, biomethane, and the sale of mobility goods and services in Italy and overseas with an aim to evolve into a multi-service, multi-energy player.

According to Eni, the new company will manage its existing bio-refining and biomethane assets. These include the Venice and Gela bio-refineries along with handling the development of new projects, such as Livorno and Pengerang in Malaysia that are presently under evaluation.

Furthermore, Eni Sustainable Mobility will include a network of over 5,000 sales points across Europe to market and supply various energy sources, including hydrogen and electricity.

The company is also expected to supply fuels of organic origin such as biomethane and hydrogenated vegetable oil (HVO), and other mobility products like bitumen, lubricants and fuels.

The new sustainable mobility company is controlled directly by Eni, which holds 100% of its share capital.

Eni CEO Claudio Descalzi said: “This new company will join Plenitude and become the second strategic lever supporting our energy transition pathway, which targets eliminating Scope 3 emissions.

“These have been the most significant part of our emissions and the most difficult to eliminate as they are generated by customers by using our products.

“Through this operation, we will integrate and unlock new value from our industrial initiatives, products and services based on innovative technologies that will form a unique and decarbonised mobility offering.”