EIB, Eni sign $577m in financing for Sannazzaro de’ Burgondi biorefinery conversion
In the UK, SAF Investor reported that global energy technology company Eni said it has signed a 15-year loan agreement for $577 million with European Investment Bank (EIB) to convert its Sannazzaro de’ Burgondi refinery into a biorefinery.
The project involves converting the refinery’s Hydrocracker (HDC2) unit using Ecofining technology and building a pre-treatment plant for waste materials like used cooking oils and animal fats.
The plant will have a production capacity of around 550 000 tons per year and produce diesel biofuels and sustainable aviation fuel from 2028, according to the report.
Building on existing infrastructure, the project will complement conventional fuel production with HVO diesel biofuels and SAF, it added.
The conversion of Sannazzaro de’ Burgondi refinery is part of Enilive’s strategic objective to increase biofuel production capacity to 5m tons by 2030, including over 2 million tons of SAF production capacity.
Category: SAF
