- CIRCULAR ECONOMY
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San Donato Milanese (Milan), 19 November 2021 - Eni and the BF Group partner to develop sustainable agricultural products for biofuel production.
Through an equal joint venture (50% Eni, 50% BF), projects will be developed to research and experiment with agricultural seeds from oil plants to be used as feedstock at Eni's bio-refineries. Furthermore, the agreement between the companies provides for the purchase by Eni of a minority stake in BF Bonifiche Ferraresi's subsidiary and for Eni's entry into BF's share capital by means of a reserved capital increase.
The agreement builds on a strong track record of collaboration between Eni and BF in the agricultural sector for the development of economic diversification initiatives, skill transfer and support for entrepreneurship in Italy and abroad.
The agreement is of strategic importance as Bonifiche Ferraresi, at 7,750 hectares, is the largest Italian farm in terms of utilised agricultural surface area and Eni produces advanced biofuels at its bio-refinery in Gela and Venice Porto Marghera, one of the tools to help contain CO2 emissions in the transport sector. As of 2023, Eni will no longer use palm oil in its production processes.
The testing and experimentation activities of the joint venture will be carried out at Bonifiche Ferraresi’s “Open Sky Laboratories” in Sardinia and will be aimed at assessing the ability to replicate production processes currently used in Italy in the other countries in which Eni operates, Africa in particular. The joint venture will also focus on the development of training programmes for personnel for agro-feedstock project development sectors.
The identification of the most suitable plant species will comply with the sustainability criteria defined in the European Directive on biofuels, promoting sustainable cultivation, protecting the soil and not taking away land that could be used for food production, thus promoting the sustainable economic development of marginal land in Italy and abroad.
The initiative is part of Eni's strategy for achieving full carbon neutrality by 2050, which includes green refining as a strategic element, with production capacity expected to double to around 2 million tonnes by 2024 and a further increase to 5/6 million tonnes expected by 2050.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
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