Rome - Eni has reached an agreement involving its institutional investors and trade unions concerning plans for the development of its Porto Marghera site near Venice.
The agreement signed 14 Nov is “an important milestone for the future of Porto Marghera and reflects Eni's commitment to restructure its industrial activities in Italy," the company said 14 Nov.
Under the plan, Eni aims to reposition industrial activities at Porto Marghera towards ‘the green economy’. This includes establishing two new plants for the production of detergents and lubricants using vegetable oil feedstock.
“We will be the first in the world to manufacture bio-products for upstream activities, which will also benefit Eni’s operations in the segment,” added Eni's statement.
The new plan is in line with similar proposals for Eni’s Gela site and, before that, its bio-refinery at Porto Marghera and bio-chemical plants at Porto Torres.