Eni, Saipem join forces to develop new bio-refineries
11/7/2023 8:50:00 AM
(Reuters) - Italian energy group Eni and energy services company Saipem have signed a deal to support the transformation of traditional refineries and the development of new Eni's bio-refineries.
The agreement will focus on the study for and subsequent potential construction of plants for the production of biojet, a sustainable aviation fuel, and of the biofuel HVO diesel, produced from 100% renewable raw materials.
Eni was the first company in the world to convert two traditional refineries into bio-refineries, it said in a statement.
It plans to expand its bio-refining capacity from the current 1.65 million tons per year to over 5 million tons per year by 2030.
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