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Eni, Saipem join forces to develop new bio-refineries

Published 06/11/2023, 14:28
Updated 06/11/2023, 14:31
© Reuters. FILE PHOTO: The logo of Italian multinational energy company Eni is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

MILAN (Reuters) - Italian energy group Eni and energy services company Saipem have signed a deal to support the transformation of traditional refineries and the development of new Eni's bio-refineries, the two groups said on Monday.

The agreement will focus on the study for and subsequent potential construction of plants for the production of biojet, a sustainable aviation fuel, and of the biofuel HVO diesel, produced from 100% renewable raw materials.

Eni was the first company in the world to convert two traditional refineries into bio-refineries, it said in a statement.

It plans to expand its bio-refining capacity from the current 1.65 million tons per year to over 5 million tons per year by 2030.

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