Eniverse Ventures will complement the oil and gas supplier's Eni Next vehicle as it looks to achieve carbon neutrality by 2050 in the wake of massive profits for the industry.
Italy-based energy producer Eni made a push into the energy transition yesterday with the launch of a corporate venture builder subsidiary called Eniverse Ventures.
Eniverse will be run by Eni chairman Giacomo Silvestri and will look to identify and develop new technologies internally that can be leveraged into new businesses as Eni seeks to fulfil an aim of reaching carbon neutrality by 2050.
Silvestri said: “With Eniverse, Eni is among the first companies in the energy sector to build a vehicle to enhance its asset of technologies and talents. Those are the pillars of innovation in which the company has always invested and on which it leverages to successfully tackle the energy transition.”
Although Eni’s core area is in oil and gas exploration and supply, it has pledged to change its business model…
