In order to ensure long-term growth in the future, the Company must be economically, technically and environmentally efficient. Efficiency is a broad concept that includes continuous evolution, with a view to growth, the regeneration of what was built in the past, according to the new prospects that the future is shaping and also the ability to sustain itself while eliminating waste and losses. This broad concept of efficiency is at the heart of Eni’s strategy and runs throughout the Company, from processes and products to assets that are regenerated and revitalised through Eni’s research and patents: by researching innovative solutions, identifying new processes and products that aim at the reuse and exploitation of waste materials, aiming to make the economic system more efficient, while minimising resource and energy consumption; by transforming unprofitable or dismissed assets, giving them new life and a sustainable, low-carbon future.
Through its downstream platform, Eni is poised to exploit the circular model thanks to its conversion plants, consolidated skills, technologies, innovative research and the geographical distribution of its assets. Through this transformative attitude and this platform of circularity, Eni is set on triggering a change based on long-term relationships with local stakeholders, on the attention to the specificity of local communities and on listening to, and the inclusion of, stakeholders in advancing the new development model. This innovative approach exploits the synergy between stakeholders, industrial symbiosis and cultural change as drivers of change. This includes MoUs and cooperation agreements for the development of the circular economy in Italy with various companies for the collection of waste cooking oils and the supply of Bio Diesel, such as those signed in 2018 in Rome with AMA, with Veritas in Venice, with Hera in Modena and with AMAT in Taranto. In order to further boost decarbonization, Eni has also signed an agreement with Cassa Depositi e Prestiti for the promotion of initiatives in Italy in the field of the circular economy, decarbonization and sustainability, also through the recovery of industrial sites, and for initiatives with a high socio-economic and environmental impact in partner Countries in the energy sector and in the fight against climate change.