ENI strategy update

EIB and Eni sign €500 million in financing for new biorefinery in Sannazzaro de’ Burgondi

The financing will be used to convert part of the Sannazzaro refinery into a biofuel production facility, supporting the decarbonisation of the transport sector.
This is the second financing agreement between the EIB and Eni to promote biorefining, following the July 2025 agreement to fund the conversion of Eni’s Livorno refinery.
The project will increase the production of hydrotreated vegetable oil diesel biofuels and the sustainable aviation fuel biojet, delivering economic, environmental and social sustainability benefits.

Eni Rebalances Hydrocarbons And Biofuels As Valuation Signals Diverge

Eni (BIT:ENI) has committed to invest $2b in Egypt, signaling a larger presence in the country’s energy sector.
The company’s biofuel project in Kenya is facing farmer backlash and questions about alignment with EU sustainability rules.
Eni is withdrawing from offshore gas exploration in Israel, adjusting its upstream portfolio footprint.

Personal Remarks

The European Commission and the European Investment Bank (EIB) gave or invested approximately € 1.3 Bln during the last 3 years in projects run by ENI although ENI made €5 Bln profits in 2024 and €5Bln in 2025.

ENI is said to be the oil company that did the most SLAPP lawsuits against, bloggers, journalists and NGOs.

This is a striking example of what I see as the hypocrisy of EU institutions. The European Commission and the European Parliament often lecture the world about freedom of speech and the right to express opinions. Yet at the same time, EU funds or loans sometimes go to organizations that initiate SLAPP lawsuits against smaller groups and critics.

To me, that contradiction is deeply troubling. Institutions that claim to defend open debate should be especially careful not to support actions that may silence smaller voices or independent organizations.

It often feels like the interests of ordinary people and the middle class are being ignored. Decisions made in Brussels can appear distant from the realities faced by citizens.

As someone who lives in Brussels, I sometimes wish the institutions based here would reflect more on how their actions affect the people they claim to represent. Europe deserves institutions that protect open debate and treat all voices fairly.

PS – I made a small mistake in my video …. In May 2023, the European Comission gave/invested €50 Mln and not €100 Mln

Source

EIB and Eni sign €500 million in financing for new biorefinery in Sannazzaro de’ Burgondi

Eni Rebalances Hydrocarbons And Biofuels As Valuation Signals Diverge