Eni sells 25% of Enilive to KKR for €2.9 billion

Eni sells 25% of Enilive to KKR for €2.9 billion

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The Italian hydrocarbons group Eni has announced the signing of an agreement with the American fund KKR for the sale of 25% of its subsidiary Enilive, in a transaction valued at €2.9 billion. According to Eni’s official statement, this operation values Enilive at approximately €11.75 billion.

Enilive, a subsidiary of Eni specializing in biorefining, biomethane production, and smart mobility solutions, will significantly boost its production capacity thanks to this capital injection. Ahead of finalizing this transaction, Eni will carry out a capital increase of €500 million with the goal of creating a debt-free financial structure.

Strengthening Eni’s financial structure and strategic plan

This operation is part of Eni CEO Claudio Descalzi’s “satellite” strategy, aimed at creating independent and specialized units capable of attracting external investment while supporting the group’s growth. Eni had already applied this approach last June by placing 10% of the Saipem company on the financial markets, raising €393 million while retaining its position as the main shareholder.

Growth objectives for Enilive

With the financial support of KKR, Enilive aims to double its biorefining capacity, increasing it to more than 3 million tons per year by 2026 and over 5 million tons by 2030. Biorefining, a process that transforms agricultural products into biofuels, is at the heart of Eni’s energy transition strategy, focusing on developing sustainable solutions to meet future energy demands.

KKR, for its part, emphasized its commitment to economic development in Italy, where it has been investing since 2005 across various sectors. Last July, KKR completed the acquisition of Telecom Italia’s fixed network, a project integrated into FiberCop, enabling it to serve around 16 million Italian households.

Waga Energy strengthens its presence in Brazil, betting on a rapidly structuring market where biomethane benefits from an incentive-based regulatory framework and strong industrial investment prospects.
John Cockerill and Axens launch NesaBTF, an industrial torrefaction technology designed to optimise biomass supply, with targeted ambitions in the growing sustainable aviation fuel market.
A R550mn grant enables Johannesburg to launch a waste-to-energy project with a 28 MW capacity under a 25-year public-private partnership model.
ENGIE signs a 15-year agreement with CVE Biogaz for the purchase of biomethane produced in Ludres, under the Biogas Production Certificates mechanism, marking a structuring step for the sector's development in France.
Eni begins the transformation of its Priolo complex in Sicily with a 500,000-tonne biorefinery and a chemical plastic recycling plant, based on its proprietary Hoop® technology.
Waga Energy has launched a biomethane production unit in Davenport, Iowa, in partnership with the Scott County Waste Commission and Linwood Mining and Minerals, with an annual capacity exceeding 60 GWh.
German group Uniper has entered into a long-term supply deal with Five Bioenergy for biomethane produced in Spain, with deliveries scheduled to begin in 2027.
Hanoi is preparing a tax relief plan for biofuel producers to support domestic ethanol output ahead of the E10 mandate rollout planned for 2026.
Lesaffre and ENGIE Solutions have inaugurated a waste heat recovery unit in Marcq-en-Barœul, covering 70% of the site's thermal needs through two industrial heat pumps.
Biochar projects are drawing investor interest in India, but signing regulated offtake contracts has become essential to ensure market compliance and financial stability in the carbon sector.
EDF power solutions and Refocosta have inaugurated Colombia’s largest wood biomass power plant in Villanueva, with 30 MW of capacity and an annual output of 200 GWh injected into the national grid.
Copenhagen Infrastructure Partners invests in Nivalan Biokaasu, Finland’s largest bioLNG plant, with construction set to begin in late 2025 and operations scheduled for 2027.
The Netherlands' lower house voted to adopt RED III, including technical amendments, paving the way for timely transposition by January 1, 2026, in line with EU commitments.
Technip Energies has secured two engineering contracts from Repsol for an innovative waste-to-methanol facility in Tarragona, Spain, marking a strategic milestone in its partnership with Enerkem.
Energy producer CVE Biogaz launches a facility in Tarn capable of processing 21,500 tonnes of biowaste per year to produce biomethane injected into the local gas network.
Australia refocuses its national biomass plan on agriculture and forestry, excluding green hydrogen and urban waste from eligible feedstocks.
A bipartisan group of 47 lawmakers is calling on the US Environmental Protection Agency to maintain high biodiesel quotas to support local agriculture affected by falling exports to China.
Subsidised bio-LNG is gaining traction in European maritime transport, supported by strong demand and a narrowing price gap with unsubsidised volumes.
Renova and its partners have launched commercial operations at the Karatsu biomass power plant, converted to the FIP scheme to secure a long-term power purchase agreement.
The commercial court of Évry has initiated judicial reorganisation proceedings for Global Bioenergies, with no buyout offer submitted to date, leaving open the possibility of liquidation.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.