Eni, through Ecofuel, the Eni company appointed to manage investments in the circular economy, and FRI-EL Green Power, the holding company of the Gostner family, leader in the sectors of electricity production from renewable sources, have reached an agreement for the acquisition by Eni of the company FRI-EL Biogas Holding, Italian leader in the biogas production sector.
FRI-EL Biogas Holding owns 21 plants for the generation of electricity from biogas and a plant for the treatment of OFMSW - the organic fraction of municipal solid waste - which Eni intends to convert to the production of biomethane, with the aim of introducing it to the grid. , when fully operational, over 50 million cubic meters per year.
With this acquisition, Eni strengthens its growth in the circular economy, laying the foundations for becoming the first bio-methane producer in Italy.
The operation is part of Eni's broader decarbonisation strategy, which envisages the goal of total abatement of emissions from industrial processes and products by 2050, and represents one of the levers for rapid growth in renewable production in order to available to its customers a growing share of green and bio products (liquid biofuels and bio-methane), and integrates with the increase in Eni service stations that will supply CNG (Compressed Natural Gas) and LNG (Liquefied Natural Gas) on the Italian network.
«With this operation we have laid the foundations for strong growth in the biomethane sector - declared Claudio Descalzi, CEO of Eni - which will be distributed in Eni service stations, both as compressed natural gas and as liquefied natural gas. A business area that is strategic for us in the path of complete reduction of our emissions, and a significant contribution to the decarbonisation of transport and the offer of sustainable products to our customers. The path we have outlined in our strategy continues with a new and important element of concreteness ».
The agreement is subject to certain conditions precedent, including the authorization of the competent Antitrust authorities.