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ENI invests €700 million to restructure Gela refinery

2:11 AM MDT | July 10, 2013 | Natasha Alperowicz

ENI (Rome) has announced plans to spend €700 million ($896.6 million) to reconfigure its Gela, Italy, refinery, to transform it from a loss-maker into a profitable facility and make it more environmentally friendly. The plans include construction of a hydrocracker and research into third-generation biofuels production from algae. ENI’s chemicals subsidiary Versalis produces polyethylene at Gela, using ethylene from Versalis’s Priolo, Italy, cracker. ENI says it has met with national and regional institutions and with the trade unions to announce...

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