Energy & Science
Eni to Exit Traditional Oil Refineries in Next Decade
- Covid-19 prompts acceleration in bio-refineries investment
- Italian major looking for new ways to finance renewables
Claudio Descalzi
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
The coronavirus pandemic will accelerate Eni SpA’s pivot away from conventional refineries to investing in greener facilities.
“Instead of slowing down, we see Covid as a reason to accelerate the transition to low-carbon energy,” Chief Executive Officer Claudio Descalzi said in an interview on Monday.