MILAN: Italian energy group Eni has said it had set up a new company dedicated to sustainable transport, which would develop bio-refining, biomethane and offer mobility products and services in Italy and abroad.

The move is part of Eni’s broader strategy to extract value from its diverse range of businesses by spinning off specific activities and grow them as independent entities.

The group did not specify whether it would consider a listing or a partnership to develop the new company in the future.