A reorganisation plan for Versalis from Eni

In recent days, Eni has unveiled a plan to reorganise and transform Versalis aimed at recovering sustainable profitability. The plan comes in the wake of losses in 2023, linked to the negative scenario of the global chemicals market, which has undergone a particularly marked deterioration in Europe.

Having acquired a majority stake in Novamont in 2023, Versalis is now striving to transform and reposition its business, and to this end is veering towards specialised products such as bio and circularity-based chemicals, in line with the way the strategic business scenario is evolving. The company, together with Enilive, Plenitude and CCS, offers an energy transition business portfolio with strong growth and value creation prospects.

The reorganisation and transformation plan is expected to see Versalis returning to profitability once again after the 2023 results. The measures should see its EBITDA breaking even in 2025, and its EBIT turning positive by 2026, with the group recording a significant improvement of over 600 million euros.