Our actions and technologies reduce CO2 emissions.
The path to decarbonization is one of the pillars on which our business model rests, and is about ensuring long-term sustainability by working towards a low-carbon future. The energy sector is faced with a two-fold challenge: satisfying the growing energy demands of a rising population, at the same time as providing proper access to energy and limiting atmospheric emissions, to contribute to the decarbonization process. Eni wants to lead this process of energy transition, supporting the aims of the Paris Agreement on the climate. Decarbonization has a fundamental role in our strategy. We are working to minimise direct CO2 emissions from our Upstream operations with greater efficiency.
We are constantly committed to developing products with energy-saving characteristics, promoting natural gas, renewable energy and innovative energy technology. To reach carbon neutrality by 2030, we are aiming to increase operating efficiency, by reducing our direct CO2 emissions to a minimum and offsetting residual missions with forestation projects. Eni aims to limit the impact of carbon dioxide on the environment by using technologies to store it (carbon capture and storage, CCS) and reuse (carbon capture and utilisation, CCU).
In solar energy, Eni is focusing on systems that use less polluting material and can be produced at lower costs and easily installed in buildings. Organic solar cells and luminescent solar concentrators are two examples. The former provide film for generating solar energy, using the normal methods of printing. The latter generate electricity from coloured or transparent glass installed in buildings.
Eni and MIT have been working together on advanced solar energy since 2008. The partnership has spawned more than 40 projects, developing everything from nanotechnologies that produce solar energy, to the first plant to create energy from magnetic fusion, with the same mechanism behind solar energy, a renewable, sustainable source with no polluting or greenhouse gas emissions. Eni's research centre for renewable energy and the environment in Novara also relies on the support of the VTT Technical Research Centre of Finland in Oulu. With it, we study rotogravure printing processes on flexible substrate, to create organic photovoltaic modules. The aim is to create solar panels that use polymers instead of silicon and are more convenient and versatile as a result.
Inertial Sea Wave Energy Converter (ISWEC), off the coast near Ravenna, is an innovative system that converts wave energy into electricity, adapting itself to conditions at sea to work highly efficiently.
We have given new life to our plant in Venice and provided employment through innovation. The bio-refinery in Venice currently produces biofuels mostly from vegetable oil, which is certified as sustainable by EU standards. Up to 15% of its biofuels are from used and purified cooking oil. Eni's bio-refinery in Gela, in Sicily, will soon be complete, with an increased production capacity of 750,000 tonnes a year.
In this phase of transition to a low-carbon world, Eni is promoting methane, the low-carbon main component in natural gas, and methanol, the liquid energy vector at the heart of the Energy Transition programme. At Ragusa we have set up an cutting-edge experimental plant that produces bio-oil from algae through intensified CO2 biofixation. This project is yet another significant step forward in terms of economic and environmental sustainability.