BAKU, Azerbaijan, May 21
By Leman Zeynalova – Trend:
Italy’s Eni plans renewable generation by 2024 to be 60 percent solar and 40 percent onshore and offshore wind, Trend reports citing the company.
From the 0.3 GW capacity installed at the end of 2020, renewable installed capacity (Eni share) is expected to increase to 5 GW by 2025, 15 GW by 2030 and 60 GW by 2050, and to be fully integrated with Eni’s product offering.
Eni is growing fast to become a major global green power operator in many OECD countries, in most of which it already has a large retail base, and in other areas in which it is present such as North Africa, Australia and the Middle East.
Eni will leverage on its existing 10 million customer base, expected to increase to over 11 million by 2024, and accelerating its growth to 15 million by 2030 and over 20 million by 2050, that will be increasingly supplied with equity renewable energy and bio‐methane. This business combination makes Eni one of the main green retail operators in the European market.
Eni is targeting to double its bio‐refinery capacity to 2 million ton by 2024, targeting also the bio‐jet‐fuel market with a share in excess of 10%, and increasing capacity five times by 2050. Progressive conversion of traditional Italian refining sites into new plants for production of hydrogen, methanol, bio‐methane and products from recycling of waste materials.
Marketing activity will deliver a steady and material contribution through the offer of additional high margin services including e‐mobility services.
“Our bio‐refineries will continue to contribute positively, becoming palm oil‐free in 2023 and with a growing contribution of feedstock coming from waste and residues, accounting for around 80 percent of the total by the end of the plan, versus today’s 20 percent. In chemicals, Eni is expanding the use of vegetable biomasses to create high growth and value chain as second generation bio‐ethanol, advanced bio‐fuels, and bio‐monomers for several applications, such as intermediates for bio‐plastics, electronics, cosmetics and agro‐chemicals,” said Eni.
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