Eni has signed a 15-year loan for €500 million with the European Investment Bank (EIB) for a new biorefinery in Italy.
The financing will be used to convert part of the Sannazzaro de’ Burgondi refinery into a biofuel production facility, supporting the decarbonisation of the transport sector.
The project involves converting the refinery’s Hydrocracker (HDC2) unit using Ecofining technology and building a pre-treatment plant for waste materials like animal fats and used cooking oil, as well as waste from the agri-food industry.
Eni’s Ecofining technology produces HVO, a biofuel made from renewable feedstocks.
Pure HVO can be used in approved engines and is already available at more than 1,600 Enilive service stations across Europe.
From 2028, the Sannazzaro plant will start producing HVO diesel biofuels and the sustainable aviation fuel (SAF) biojet, with a production capacity of around 550,000 tonnes per year.
Eni CEO Claudio Descalzi said: “This new agreement with the EIB demonstrates the effectiveness and robustness of the strategy we pursue through our businesses related to the energy transition. To deliver a tangible transition towards energy solutions that have an increasingly low environmental impact, it is essential to create businesses that can grow and generate value. We achieve this by combining technology and the ability to deliver industrial-scale projects on the one hand, with a broad and growing customer base on the other.
“We see biorefining and biofuels as a fundamental component to support the progressive decarbonisation of transport – applicable across all segments of the sector, and already well aligned with existing demand.”
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