Supermajor oil company Eni has tasked French investment bank Natixis with finding investors to purchase a minority stake in its biomethane operation, Enibioch4in.
According to Corriere della Sera, the Italian oil giant is seeking investors to acquire up to 49% of Enibioch4in.
The report states the search is in its early stages, as no valuation set or possible investors are currently lined up.
Enibioch4in is operated by the biorefining and mobility unit Enilive, and oversees the entire supply chain for biomethane.
This potential sale would form part of an ongoing reorganisation effort by Eni, designed to help fund a transition to gas and renewables.
Eni seeks investors for its biomethane operation
