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Italy's Eni says Africa biofuel to cost US$735 million
来源：shippingazette 编辑：编辑部 发布：2023/10/11 16:30:06
ITALIAN multinational oil major's Eni SpA's plans to source 700,000 tonnes of biofuel feedstock from Africa by 2026 at a cost EUR700 million (US$735 million), the company says, reports Bloomberg.
The plan has already received its first cargo of vegetable oil from the 15,000 tonne-per-year Makueni Agri Hub in Kenya, said Guido Brusco, the company's chief operating officer of natural resources.
Eni SpA will now expand across the continent with an additional project in Mombasa, as well as plants in the Republic of Congo, Angola, Mozambique and Ivory Coast.
Eni is trying to diversify its suite of products as pressure grows to reduce the emissions from fossil fuels that are driving global warming.
Africa is expected to supply just under a quarter of Eni's feedstock needs, which it estimates at about three million tonnes by 2025. Further expansions are planned beyond that and plants may also be set up in Kazakhstan.
In addition to its initial plant, Eni is close to completing a 55,000-tonne-per-year vegetable oil plant in Mombasa.
The use of biofuels for transport in Africa could be a bridging technology as the continent moves from the use of fossil fuels to electric transportation.
The plan has already received its first cargo of vegetable oil from the 15,000 tonne-per-year Makueni Agri Hub in Kenya, said Guido Brusco, the company's chief operating officer of natural resources.
Eni SpA will now expand across the continent with an additional project in Mombasa, as well as plants in the Republic of Congo, Angola, Mozambique and Ivory Coast.
Eni is trying to diversify its suite of products as pressure grows to reduce the emissions from fossil fuels that are driving global warming.
Africa is expected to supply just under a quarter of Eni's feedstock needs, which it estimates at about three million tonnes by 2025. Further expansions are planned beyond that and plants may also be set up in Kazakhstan.
In addition to its initial plant, Eni is close to completing a 55,000-tonne-per-year vegetable oil plant in Mombasa.
The use of biofuels for transport in Africa could be a bridging technology as the continent moves from the use of fossil fuels to electric transportation.