Economie & Commerce
EIB Invests €500M in Italian Biorefinery
The European Investment Bank (EIB) and Eni have signed a €500 million loan agreement to support the conversion of Eni's refinery in Sannazzaro de’ Burgondi, Italy, into a biorefinery. The 15-year loan will finance the adaptation of existing units to produce biofuels from sustainably sourced feedstock. This project aims to reduce reliance on fossil fuels and promote a greener economy. The investment is part of the EIB's broader commitment to supporting sustainable energy projects.
EIB investment boosts biofuel production, reduces fossil fuel dependence in Italy.