Eni considers biofuels acceleration

Excess power capacity and complicated market governance are contributing to providers’ unwillingness to further invest in solar and wind

Eni has a set a target of 5mn t/yr of biofuels capacity by 2050. But, due to the strong performance of the fledgling business and what it sees as a significant demand opportunity, it may look to move quicker along this path than it had previously planned. Its 2050 target was set out “without specifying any interim result”, says Massimo Mondazzi, chief operating officer of the firm’s Energy Evolution business. “But, considering the very good results that we are achieving, plus the significant market that we see is going to be opened up—including the biojet opportunity that could come in the next [number of] years—certainly, the… transformation could be accelerated,” he says, promising a more