In Italy, Eni and Q8 Italy announced a major strategic investment in the ongoing project for the construction of a new biorefinery in Priolo, Sicily.
The transformation plan for the Versalis site in Priolo received formal approval from Eni and Kuwait Petroleum Corporation Board of Directors, which follows the official binding offer submitted by Q8.
The joint project between Eni and Q8 Italy for the construction and subsequent industrial operation of the plant further strengthens the thirty year partnership between the two companies.
The Priolo biorefinery will have a capacity of 500,000 tons per year and will offer extensive operational flexibility for the production of Hydrotreated Vegetable Oil (HVO) and SAF.
The project has completed the engineering phase. Preparatory activities for awarding procurement and construction contracts have begun; demolition works required for the development of the new infrastructure are about to start; and the authorization process has been launched, Eni said.
Completion of the required authorizations and of positive finalization of the detailed contractual documentation and of the works is expected by the end of 2028, the Italian energy firm added.
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