Unicoal SpA was established in 1990. It was born from a subsidiary/associated company of the ENI group, Unicoke SpA, which had been trading metallurgical and foundry coke since 1958.

The new initiative came from a group of entrepreneurs who wanted to further develop and expand the activity by including the marketing of solid coal fuels, anthracite and petroleum by-products.
In 2010 Unicoal SpA acquired minority shares both in the “Alti Fondali” Terminal of Savona port and in the cable car Company (Funivie SpA) which carries the unloaded coals and other solid fuels from the port of Savona up to the warehouse of San Giuseppe di Cairo Montenotte.

In 2017 the share capital increased from 1 million to 10 million Euros + reserves.