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Oil & Gas

Eni to convert Venice oil refinery into biorefinery

September 24, 2012
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VENICE, Italy — A “green refinery” process that will lead to the conversion of the Venice refinery of Eni S.p.A., the Italian multinational oil and gas company, into a "bio-refinery," has been “explained” to the local and national institutions involved, as well as to trade unions, the company says. Eni is the largest industrial company in Italy and a sizeable portion of it is owned by the Italian government.

The project, which involves an estimated investment of approximately 100 million euro, is said to be the first in the world to convert a conventional refinery into a bio-refinery and is based on technology developed and patented by Eni.

Initial conversion of existing facilities will be launched in the second quarter of 2013, the company says, and completed by the end of that year. Until the start of the changeover, the refinery will continue to produce using traditional methods. Biofuel production will start from 2014 and will grow progressively as the new facilities enter operation. The new facilities to be built under the project are scheduled to be completed in the first half of 2015.

The new “green” plant, Eni says, will maintain the Venice site as an economically sustainable industrial operation over the long term, with low environmental impact. The project will allow for the use of “a reasonable proportion of staff” employed in the existing refinery. The staff will be managed with methods and tools that will be shared with the trade unions. The investment program and the activities on the industrial production site will also allow it to maintain significant use of all the individual business activities related to the refinery, Eni says.

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