Eni Confirms €2 Billion Plan to Reshape Italy Chemicals Unit.

Eni SpA plans to invest €2 billion over five years to revitalize its chemicals business in Italy, aiming to reduce exposure to the declining basic chemicals sector. The company will phase out activity at certain plants and projects a return to profitability by 2026. Eni also aims to reduce emissions by approximately 1 million tons of CO2. [Extracted from the article]