BIT:ENIOil and Gas
Eni’s €500m Biorefinery Loan Highlights Biofuels Push And Valuation Debate
Eni has signed a €500 million, 15 year loan agreement with the European Investment Bank to convert its Sannazzaro refinery in Italy into a biorefinery.
The converted facility is planned to produce hydrotreated vegetable oil diesel biofuels and sustainable aviation fuel starting in 2028.
The project is part of Eni's plan to expand low carbon fuel production capacity and is linked to its target of reaching 5 million tonnes of biofuels output by 2030.
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