Eni agrees to acquire FRI-EL Biogas
Italian energy firm Eni’s subsidiary, Ecofuel, has agreed to acquire FRI-EL Biogas, an Italian biogas producer.
FRI-EL Biogas owns 21 plants generating electricity from biogas and a plant for processing the organic fraction of municipal solid waste, which Eni intends to convert to produce biomethane. When fully operational, this facility will supply more than 50 million cubic metres per year to the network.
“With this deal, we have laid the foundations for strong growth in the biomethane sector, which will be distributed in Eni’s service stations, both as compressed natural gas and liquefied natural gas,” said Claudio Descalzi, Eni’s CEO.
“This is a strategic business area for us on the pathway to completely eliminating our emissions and represents a significant contribution to decarbonising transport and our ability to offer sustainable products to our customers. It provides a new and significant level of substance to continue on the path outlined in our strategy.”
FRI-EL Biogas owns 21 plants generating electricity from biogas and a plant for processing the organic fraction of municipal solid waste, which Eni intends to convert to produce biomethane. When fully operational, this facility will supply more than 50 million cubic metres per year to the network.
“With this deal, we have laid the foundations for strong growth in the biomethane sector, which will be distributed in Eni’s service stations, both as compressed natural gas and liquefied natural gas,” said Claudio Descalzi, Eni’s CEO.
“This is a strategic business area for us on the pathway to completely eliminating our emissions and represents a significant contribution to decarbonising transport and our ability to offer sustainable products to our customers. It provides a new and significant level of substance to continue on the path outlined in our strategy.”
