Milan-headquartered Saipem SpA. has secured an engineering, procurement, and development (EPC) contract for the enlargement of the Porto Marghera biorefinery from Enilive, Eni SpA’s unit devoted to biorefining, biomethane manufacturing and good mobility options.
The contract is valued at EUR 155 million ($180 million) and is a part of the just lately renewed collaboration settlement on biorefining between the 2 firms, Saipem mentioned in a media launch. Beneath the prolonged collaboration settlement, signed in March, the 2 firms will give attention to the development of recent biorefineries, the conversion of conventional refineries into biorefineries, and the event of recent initiatives by Eni within the subject of commercial transformation, in accordance with Eni.
Saipem mentioned the contract follows Eni’s project of the contract to Saipem for the beginning of preliminary detailed engineering actions, procurement companies, and the acquisition of vital tools for a similar challenge, additionally communicated final March.
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The challenge entails growing the capability of the plant close to Venice from the present 400,000 to 600,000 tons per yr and enabling the manufacturing of sustainable aviation gas (SAF) beginning 2027, Saipem mentioned.
Eni has additionally chosen Saipem, as a part of the collaboration settlement, to transform the Livorno refinery right into a biorefinery with a capability of 500,000 tons of biogenic cost. The Livorno plant shall be inbuilt such a manner as to permit, with acceptable technical modifications, a attainable subsequent upgrading to supply SAF, Eni mentioned in March. It famous that in each the Livorno and Venice initiatives, Saipem additionally carried out all of the engineering actions preparatory to the manager section, resembling feasibility research and front-end engineering design.
The full worth of each contracts is at present roughly EUR320 million ($372.5 million), in accordance with Eni.
Eni, via Enilive, at present has a biorefining capability of 1.65 million tons per yr and goals to extend it to over 5 million by 2030.
To contact the writer, electronic mail andreson.n.paul@gmail.com
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