ROME: Descalzi told investors Wednesday that the investments will include 1 billion euros into efforts to reduce its carbon footprint. That includes converting decommissioned terrain belonging to Eni totaling some 3 million hectares, mostly in southern Italy, to solar energy fields.
The CEO also underlined Eni’s conversion of refineries in Venice and Gela into “green refineries” transforming waste into biodiesel, with a target of 1 million tons of biodiesel annually by 2021.
Eni said that oil and gas production increased by 4 percent in the first quarter of 2018, from 1.795 million barrels of gas and oil equivalent in the same period last year.
