The Refining and Marketing sector includes conventional refining and bio-refining: the latter is such a strategic business for Eni that we plan to double our bio-refining capacity by 2025 and then gradually increase it to five times over the next decade. This progression will be coupled with an increasing input of raw material from waste and scrap and an integrated agro-feedstock production chain that does not compete with food production.
From 2023 onwards, bio-refineries will be palm oil free in line with legal obligations and will be powered predominantly by waste and residues. During the course of the 2022-2025 Strategic Plan, processing capacity will increase from the current 1.1 million tonnes per annum (Mton/a) to 2 Mton/a due to the expansion of the Venice plant and the conversion of another conventional refinery. We plan to increase it to 6 Mton/a by 2035. This new impetus to the refining sector starts from Italy, from our biorefineries in Venice and Gela, the result of our concrete and constant commitment to research and technological innovation. In order to boost the spread of our high-quality biofuels, we have also set ourselves the goal of bringing together our biorefining and marketing activities into an entity dedicated to sustainable mobility, uniquely positioned as a customer-focused multi-energy and multi-service business.
Also in the area of bio-refining, in 2021 we launched a series of joint initiatives in African countriesfor the development of a high-quality biofuel supply chain.Following the circular economy model, the agreements cover biofuels produced from feedstocks that do not compete directly with food cycles, such as agricultural processing residues, crops not intended for food or fodder production, and cover crops alternating with crops. In order to foster the development of the sector, the activation of agro-hubs capable of vertically integrating on-site feedstock production and processing is promoted. The first goal is to provide raw material for Eni's bio-refining system in Italy; in the 2022-2025 Strategic Plan we set ourselves the target of covering 35% of supply in this way by 2025. A further aim of the agro-hub agreements is to promote the conversion of refineries into bio-refineries directly in Africa. Kenya has become a key country in this context. As part of its decarbonisation strategy, the Kenyan government in collaboration with Eni is planning to convert a refinery in Mombasa into a bio-refinery and build a second-generation bioethanol plant from waste biomass.
Bio-refineries: the latest results and the new targets
In Italy, traditional refineries operate in Sannazzaro (in the province of Pavia), Livorno, Taranto and in Milazzo in an equal-share joint venture between Eni and Kuwait Petroleum Italia. Outside Italy, through ADNOC Refining, where we hold a 20% stake, we operate the Ruwaisplants in Abu Dhabi in the United Arab Emirates, the fourth largest in the world in terms of capacity and capable of ensuring a high conversion rate thanks to the use of state-of-the-art technology. Through our expertise, we are supporting the technological development of three refineries located in the Ruwais and Abu Dhabi areas and operated by ADNOC Refining. The operation is one of the most significant ever undertaken in the refining sector, allowing Eni to obtain a 35% increase in terms of refining capacity and a breakeven margin of $1.5/barrel in the long term.
Sustainable Aviation Fuels (SAFs) are alternative fuels from bio-based raw materials. The production we started in October 2021 is an example of how refineries can integrate production to maximise value creation. In the preliminary phase, the Taranto refinery, which is already co-fired with a 0.5 % share of used vegetable oils (UCOs) was involved. Both bio-refineries and refineries will be involved in a second phase. The component from renewable raw materials, if derived from UCO, allows for a reduction of greenhouse gases of potentially more than 90% compared to the same amount from fossil raw materials (fossil reference mix), according to the European Renewable Energy Directive II (RED II). Considered as one of the main ways to significantly contribute to the decarbonisation of air travel in the short to medium term, Sustainable Aviation Fuels are promoted by various initiatives such as the 2019 European Green Deal, Cop 26, the proposed Refuel EU aviation regulation, part of the “Fit for 55” package, and also by the “SAF Grand Challenge” Memorandum of Understanding in the US.
In our plants in Italy we are also working on a further line of development in the field of advanced fuels produced from waste, namely the possibility of obtaining pyrolysis oil from the processing of end-of-life tyres (ELTs). This particular area is the subject of an agreement with Ecopneus signed in July 2021 and aimed at assessing the most suitable technologies to process ELTs and obtain both energy products (pyrolysis oil) and chemical products (asphalt, sports surfaces, acoustic insulation, street furniture, etc.) in a perspective of circular economy and environmental sustainability. The agreement strengthens our collaboration with Ecopneus, already an Eni partner in a project in Massafra (in the province of Taranto) for the laying of asphalt modified with polymers and rubber powder from ELTs, which was carried out in June 2020 thanks to an agreement with the Municipality of Massafra. Specifically, in this initiative Eni supplied the bitumen produced in its Taranto refinery and Ecopneus provided its technical know-how, while Irigom, a partner company of Ecopneus, supplied rubber powder from used tyres produced locally.
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