Eni’s Africa Biofuel Feedstock Plan to Cost €700 Million
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Eni SpA’s plan to set up plants to source approximately 700,000 tons of biofuel feedstock from Africa by 2026 will cost as much as €700 million ($735 million), according to a senior company official.
The plan has already received its first cargo of vegetable oil from the 15,000 ton-per-year Makueni Agri Hub in Kenya. It will now expand across the continent with an additional project in Mombasa, Kenya, as well as plants in the Republic of Congo, Angola, Mozambique and Ivory Coast.
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