Eni and Saipem have signed an agreement for the development of biorefining. It was signed by Giuseppe Ricci, Chief Operating Officer for Energy Evolution at Eni, and Alessandro Puliti, Chief Executive Officer at Saipem, to support the transformation path of traditional refineries and the development of new Eni biorefineries.

The agreement is in line with the decarbonization goals of Eni and Saipem, and it focuses 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 (pursuant to EU Directive 2018/2001 "REDII"). HVO diesel is on sale at Enilive service stations under the name HVOlution and can be used across road, naval and rail transport.

The agreement involves the application of Eni's proprietary Ecofining™ technology for both the development of new biorefineries and the conversion of traditional refineries, combining Eni's extensive technological and operational experience with Saipem's distinctive expertise in the design and construction of this type of plants.

Eni was the first company in the world to convert two traditional refineries into biorefineries, in Venice Porto Marghera and Gela, Sicily, for the processing of waste feedstocks, such as used cooking oil, animal fats, agro-food industry residues and vegetable oils, using Ecofining™ technology. Saipem provided support on both projects.

Eni plans to expand its biorefining capacity from the current 1.65 million tons/year to over 5 million tons/year by 2030.

About Eni

Eni (NYSE: E) is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

About Saipem

Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into five business lines - Asset Based Services, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. The company has 8 fabrication yards and an offshore fleet of 23 construction vessels (of which 21 owned and 2 owned by third parties and managed by Saipem) and 15 drilling rigs, of which 8 owned. Always oriented towards technological innovation, the company’s purpose is “Engineering for a sustainable future”. As such Saipem is committed to supporting its clients on the energy transition pathway towards Net Zero, with increasingly digital means, technologies and processes geared for environmental sustainability. Listed on the Milan Stock Exchange, it is present in more than 50 countries around the world and employs about 30,000 people of over 120 nationalities.