Eni and Q8 Italy Invest in Priolo Biorefinery

Eni and Kuwait Petroleum Corporation===Q8 Italy, a subsidiary of Kuwait Petroleum Corporation, have formally approved a major strategic investment to construct and operate a new biorefinery at the Priolo industrial site in Sicily, Italy. This project, which received approval from the boards of both Eni and Kuwait Petroleum Corporation, follows a binding offer from Kuwait Petroleum Corporation===Q8 Italy. The biorefinery will have a capacity of 500,000 tonnes per year and will produce Hydrotreated Vegetable Oil (HVO) and Sustainable Aviation Fuel (SAF-Biojet) using Eni's proprietary Ecofining technology. This initiative strengthens the thirty-year partnership between Eni and Kuwait Petroleum Corporation===Q8 Italy, which began with the Milazzo Refinery in 1996. The transformation plan for the Priolo site, initially announced by Eni in October 2024 and ratified by the Italy===Ministry of Enterprises and Made in Italy in March 2025, aims to convert loss-making chemical assets into competitive low-carbon businesses. The project is expected to be completed by the end of 2028, contributing to Eni and Eni===Enilive's goal of achieving 5 million tonnes per year of biorefining capacity by 2030 and supporting Kuwait Petroleum Corporation's 2050 Energy Transition Strategy.