Eni S.p.A

ENI

IT0003132476

Integrated Oil & Gas

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Eni: receives $210 million investment for Kenyan sector

Published on 2024-05-17 at 09:51, updated on 2024-05-17 at 10:01

Eni reports that the International Finance Corporation (IFC) and the Italian Climate Fund will invest $210 million in its Kenyan subsidiary to increase the production and processing of advanced biofuels.

This investment ($135 million from the IFC and $75 million from the Italian Climate Fund) aims to support the decarbonization of transport and improve the livelihoods of 200,000 small Kenyan farmers.

The project will increase oilseed production from 44,000 tonnes to 500,000 tonnes per year, and includes services to farmers such as inputs, mechanization and training.

Announced at the Africa 2024 CEO Forum, this project is in line with the Italian government's Mattei Plan and aims to strengthen climate resilience and support agricultural development in Kenya.

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	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	S&P GSCI BIO FUEL INDEX	137.72PTS	+1.64%	+0.98%	-
	ENI S.P.A	14.00EUR	+1.04%	+4.88%	47.51B

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Eni, YPF sign agreement for participation in Argentina LNG project	06-06	RE

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Company Profile

Eni S.p.A is a global energy company with high technological content, present along the entire value chain: from the exploration, development and extraction of oil and natural gas to the production of electricity from cogeneration and renewable energy sources, from traditional and bio-based refining and chemistry to the development of circular economy processes. Eni S.p.A extends its reach to end markets, selling gas, electricity and products to local markets as well as to private and professional customers, to whom it also offers energy efficiency and sustainable mobility services. Thanks to the consolidation of skills, technologies, geographical and source diversification, development alliances and innovative business and financial models, Eni S.p.A. continues to generate value, meeting the challenges of the energy trilemma.

Employees

32,492

Sector

Integrated Oil & Gas

Calendar

07-24 - Q2 2025 Earnings Call

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