The circular economy is about moving beyond the linear development model, based on energy- and resource-intensive production and consumption, where products become waste at the end of their life cycle. The evolution towards a circular economy model is an opportunity for change that safeguards natural capital and promotes sustainable development towards a low carbon economy, capable of adapting and responding adequately to an increasingly complex socio-economic-environmental context.
Eni's circularity is integrated into the strategies of all its business units. The goal is long-term business sustainability, which can only be achieved through full efficiency from an economic, technical-operational and environmental point of view. Research plays a key role and is reflected in sustainable product and process innovations that can be used on an industrial scale, as evidenced by Eni's patents.
The pillars of Eni's circular strategy are as follows:
- sustainable raw materials: processing less virgin materials and moving towards organic materials or those deriving from production waste;
- reuse, recycle and recover through the recovery of raw materials from waste products, the reuse of water and land, and the recovery of waste;
- useful life extension: promoting sustainability by giving new life to assets.
This concept underpins the conversion of refineries into bio-refineries, reintroducing sites and workers that would have become redundant back into the production cycle.