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ENI to Convert Venice Oil Refinery into Biorefinery for €100 Million

7:59 AM MDT | September 24, 2012 | Natasha Alperowicz

ENI (Rome) said on Friday that it plans to convert its Venice oil refinery into a biofuels refinery at a cost of some €100 million ($130 million). The company met with local and national institutions, as well as trade unions, to explain the concept of the green refinery, which will produce innovative and high-quality biofuels, ENI says. The project will be the first in the world to convert a conventional refinery into biorefinery, and is based on ENI’s patented Ecofining technology.    The green refinery process will start with an initial...

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