Eni, Saipem join forces to develop new bio-refineries

MILAN (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 two groups said on Monday.

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.

(Reporting by Francesca Landini, editing Federico Maccioni)