According to the IFC, as part of the corporate zero net emissions strategy launched in 2020, Eni S.p.A. (Eni) is targeting net zero carbon emissions by 2050. This target will be achieved through a variety of fully decarbonized products, combining environmental and financial sustainability with a strong focus on technological leadership built on years of research and innovation.
As part of this strategy, through its affiliate Eni Kenya B.V., Eni has initiated a biofuel project in Kenya. The Project involves contractual engagement of third-party farmers and aggregators to supply oil seeds (feedstock) into Eni-owned agri-processing plants, where these seeds will be processed to produce vegetable oils for export to Eni bio-refineries in Italy and further refined into different bio-energy products (biofuels).
Eni will develop and oversee supply chains for the agri-hubs, including ~200,000 ha of oilseeds production, and reaching over 200,000 smallholder farmers through contracted aggregators. The biofuels will be International Sustainability and Carbon Certification (ISCC) certified as advanced biofuels, being produced from “low indirect land-use change” feedstocks that do not compete with food production because these non-edible oilseeds, like castor and croton, are grown on degraded lands not suitable for food production and/or are grown in rotation/inter-cropping with food crops.
Eni Kenya B.V.’s first and second agri-processing plants have been built respectively in the Kenyan counties of Makueni and Kwale while the third one is planned to be built in the county of Nakuru. The location of the fourth agri-processing plant is yet to be confirmed.
As stated by the IFC, Eni Kenya B.V. is wholly owned by Eni International B.V., which in turn is wholly owned by Eni. Eni, formed as a result of the transformation of Ente Nazionale Idrocarburi, a public agency, pursuant to Law No. 136 of February 10, 1953, is an integrated energy company with operations in 62 Countries and a workforce of 32,188 (11,310 abroad) as of December 31st, 2022. Eni operates in oil, natural gas, and energy in general, with a particular focus on renewable energies, and is active in the development of circular economy projects, forest conservation and CO2 capture and storage. In June 2020, the Board redefined the Company’s organisational structure, launching a new arrangement consistent with the corporate mission and the new long-term strategy, aimed at transforming the company into a leader in the production and sale of decarbonised energy products.
Eni is subject to the control of Italy’s Ministry of the Economy and Finance, through stakes held directly in the Company (with 4.667%) and indirectly (27.731%) through Cassa Depositi e Prestiti S.p.A. (CDP S.p.A.), a company controlled by the Ministry. The balance of the shares (with 67.602%) is held by institutional investors, retail, and treasury shares. Eni is a company that issues shares listed on Euronext Milan operated by Borsa Italiana S.p.A. and securities traded on the New York Stock Exchange (NYSE) in the United States.
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Client - Eni Kenya B.V.:
Andrea Saccarello - Project Manager
Phone: +254 709 993 290
Address: Eaton Place, 5th Flr, Gigiri, U.N. Crescent, Off Limuru Road, PO Box 2913-00621, Nairobi, Kenya
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