Eni has designed a strategic roadmap for the next 30 years that combines economic and environmental sustainability. We commit to the full decarbonisation of all our products and processes by 2050. Our plan is concrete, detailed, economically sustainable and technologically proven.
Full decarbonisation of Eni’s products and operations will be achieved through existing technologies:
- Bio-refineries: doubling capacity to around 2mln tons by 2024, increasing capacity five times by 2050;
- Circular economy: larger use of biogas, waste and recycling final products;
- Efficiency and digital solutions in operations and customer services;
- Renewables capacity increasing up to 4GW in 2024, 15GW in 2030 and 60GW in 2050, fully integrated with Eni’s clients;
- Blue and green hydrogen for Eni’s bio-refining system and other hard to abate activities;
- Natural or artificial carbon capture to remove residual emissions;
- REDD+ initiatives: offsetting more than 6MTPA of CO2 by 2024 and more than 40MTPA by 2050;
- CCS projects: total storage capacity of approximately 7MTPA at 2030, 50MTPA at 2050.
In the long term, gas will represent more than 90% of Eni’s production and will support the energy transition as a backup of intermittent sources.
In this path towards the decarbonisation of our activities, we aim at fostering the circular economy process and bio-products. A flagship project is represented by the reconversion of traditional refineries into bio-refineries to produce high-quality biofuels. This has been done thanks to the Ecofining™ proprietary technology, based on a flexible hydrogenation process that makes it possible to use raw materials of biological origin as feedstock.
Venice, in 2014, was the first traditional refinery in the world to be converted into a bio-refinery. Then, with the start-up of the Gela biorefinery in 2019, Eni has reached a total processing capacity of over 1 million tonnes of biofuels. These plants will be able to treat increasing quantities of advanced feedstock, such as used vegetable oil, animal fat, algae and by-products. This feedstock diversification strategy will allow Eni to become palm-oil-free by 2023.