Eni Industry Investment news | Eni Invested 700 million Euros Improve its refining business in Gela

Eni invests €700 million to renovate Gela refinery

5:33 AM, 11th July 2013
Eni Industry Investment news

ROME, ITALY: Eni has made an announcement for renovation and recovery of the Gela refinery. The refinery will also be redesigned to be more environmentally friendly and respectful of the local area. The renovation with €700 million investment is aimed to restore the site’s economic sustainability by overcoming its structural weaknesses.

The refining business in Gela has accumulated heavy losses, since 2009. This amounted to approximately 1/3 of the losses of Eni’s entire refining system. The refinery is expected to be fully operational by 2017. Eni will continue to adapt and upgrade the Gela refinery in order to further improve its sustainability and environmental safeguards by reducing emissions even beyond the most recent Integrated Pollution Prevention and Control (IPPC) requirements.

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