A zero-net-emissions Eni to deliver decarbonized products by 2050.
by
Silvia Scaramuzza
08 March 2021
4 min read
by
Silvia Scaramuzza
08 March 2021
4 min read
Thanks to the transformation began in 2014, Eni is now ready for a new phase in its development towards achieving net zero emissions by 2050. This is the central objective of Eni's long-term strategy to accelerate its transformation. In other words, within the next 30 years, Eni's customers will have access to completely decarbonized energy products.
We will focus on integrating our existing businesses, starting with renewables and retail, which will be developed simultaneously. In 2030, for example, the supply of renewable energy will reach 15 GW. Eni Gas e Luce customers will therefore have increasing access to green energy thanks to the capacity generated by onshore and offshore solar plants, and wind farms, with projects in Italy and Europe.
To this extent, an example is the agreement that Eni has recently signed for the acquisition of three photovoltaic projects in Southern Spain for a total capacity of 140 MW. An initiative that, in synergy with the entry of Eni gas and luce in the Spanish market, will pioneer the development of green energy projects in the country, with benefits for residential customers, as well as small, medium and large businesses.
Eni gas e luce will also increasingly become a proper advisor to its customers on issues linked to energy, helping them to use it less and better. The sale of photovoltaic panels, for example, is already an integral part of Eni gas e luce's offer thanks to the acquisition of Evolvere SpA (a company specialised in energy distributed from renewable sources) completed in January 2020. This development is in line with the spread of a new energy model where the customer becomes more than a mere consumer, evolving into a producer of renewable energy.
The combination of our green refining and marketing businesses will also give a strong boost to sustainable mobility, increasing the processing capacity of our bio-refineries, which starting from 2023 will no longer use palm oil as raw material. Already today, thanks to our proprietary Waste to Fuel technology, our plants are able to transform the organic fraction of solid urban waste (broadly speaking the so-called organic waste) into bio-oil and bio-methane.
We are also working on reducing the emissions generated by our operations in order to minimise the carbon footprint of our products. We will develop forest conservation initiatives and carbon capture and storage (CCS) projects, and new technological solutions. The REDD+ (Reducing Emissions from Deforestation and Forest Degradation) initiatives, which are developed within the United Nations framework to reduce emissions generated by deforestation and forest degradation, will help preserve primary and secondary forests, absorbing over 20 million tonnes of CO2 per year by 2030, with projects carried out in Africa, South Asia and Latin America. The decarbonization of our operations will also involve the development of projects related to green and blue hydrogen (the production of which does not generate any CO2 emissions), which will allow us to fuel our bio-refineries and other energy-intensive industrial activities. Our CCS projects will allow us to create storage sites for the decarbonization of industrial assets, such as power plants and refineries, as well as plants belonging to third-party companies. By developing this activity, we expect to reach a total CO2 storage capacity of 7 million tonnes per year by 2030.
What we have before us is a concrete, detailed and economically sustainable strategy based on proven technologies which we already know. This strategy will not only lead Eni to be carbon neutral, but will also lead our customers to increasingly reduce their environmental footprint, because they will have access to fully decarbonized products. The journey is mapped out with interim goals that will allow us to track the path to zero emissions in the short, medium and long-term. These are not aspirations, but real objectives to accelerate our transformation, contributing to the broader goal of successfully completing the energy transition.
This website uses cookies to show you adverts and offer you services customised according to the preferences you have shown while browsing online. For further information please refer to our cookie policy.
THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON AS THAT TERM IS DEFINED IN THE SECURITIES ACT (A "U.S. PERSON"), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE "OTHER COUNTRIES"). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE “OTHER COUNTRIES” AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN THE “OTHER COUNTRIES.”
In any Member State of the European Economic Area ("EEA"), the information contained in this website is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation").
The information to which this website gives access is directed only at persons (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons, or in the EEA, with Qualified Investors. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access the information, should not act or rely on the information contained herein.
Confirmation of Understanding and Acceptance of Disclaimer
These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. I certify that:
I am not resident of, or located in, the United States, Australia, Canada, Japan or South Africa or any of the Other Countries or I am not a U.S. Person; or
If I am a resident of, or located in, the EEA, I am a Qualified Investor within the meaning of Article 2(e) of the Prospectus Regulation; or
If I am a resident of, or located in, the United Kingdom, I am a Qualified Investor and a relevant person.
I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms and I am permitted under applicable law and regulations to proceed to the following parts of this website.
WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.
You must read the following information before continuing.
The information contained in this segment of the website is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in the United Kingdom, Canada, Australia, Japan or any other jurisdiction in which it is unlawful to do so. The information also is not intended for, and must not be accessed or distributed or disseminated to persons resident or physically present in Italy who are not “qualified investors” (investitori qualificati), as defined in Article 2, letter e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) pursuant to Article 1, fourth paragraph, letter a) of the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018.
By clicking the button below labeled “I agree”, you are certifying that (A) if you are in the European Economic Area, you are a “Qualified Investor”; (B) you are not accessing this portion of the website from the United Kingdom, Australia, Canada or Japan; (C) if you are a resident or physically present in Italy, you are a qualified investor as defined under the Prospectus Regulation as implemented in Italy by Article 35, paragraph 1, letter d) of CONSOB regulation No. 20307 of February 15, 2018; and (D) you are not located in a jurisdiction where it is unlawful to access this portion of the website.
You acknowledge that the information and statements contained in the document you are accessing on this website speak only as of the date of such document (or such other date(s) specified therein), and such information and statements may become inaccurate, stale and/or out-of-date thereafter and should not be relied upon for any investment decision.
You acknowledge that the materials on this website that you are accessing are confidential and intended only for you and you agree you will not forward, reproduce, copy, download or publish any of such materials (electronically or otherwise) to any other person if this is not in accordance with the law.
You acknowledge that the access to information and documents contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access this portion of the website. If you are not authorized to access the information and document contained on this portion of the website or you are not sure that you are permitted to view these materials, you should leave this portion of the website.
You acknowledge that no registration or approval has been obtained and Eni Gas e Luce S.p.A. società benefit and its affiliates assume no responsibility if there is a violation of applicable law and regulation by any person.
By clicking the button below labeled “I agree”, you are confirming that you have read and understood the disclaimer above.
If you cannot so confirm, you must exit this portion of the website
