MOSCOW (MRC) -- Eni has signed a two-year contract with logistics firm the Spinelli Group to provide diesel produced by 100% renewable raw materials to help power its fleet, said the company.
The hydrotreated vegetable oil (HVO) is available at 57 service stations, will be available at 150 sales points in Italy by the end of the month and will be used by 150 vehicles in the Spinelli Group fleet. Eni Sustainable Mobility has been operating since January, combining biomethane and sale of mobility-related products across more than 5,000 service stations in Italy and abroad.
Supply of HVO will be handled through a fuel card system designed by the Eni subsidiary for small, medium, and large hauliers depending on their needs. HVO is a biofuel made from waste raw materials such as vegetable residue and oils produced from crops that are not in competition with food.
Eni is supplied through a network of agri-hubs currently being developed in several African countries, with raw materials processed at bio-refineries in Venice and Gela, Italy where it is processed using proprietary technology to make biofuel.
The Spinelli Group operates across the entire supply chain for the container sector from containers arriving in ports to delivery of the final customer, and this will help the firm to decarbonise and design ESG policies.
We remind, Eni S.p.A. reported its fourth-quarter and full-year earnings results, revealing its net profit annually tumbled 84% to EUR550 million, or diluted earnings per share of EUR0.97. The company's adjusted operating profit remained mostly unchanged in the same period at EUR3.8 billion. In 2022, both Eni's net and operating profit more than doubled versus a year earlier to reach record EUR13.81 billion and EUR20.39 billion, respectively.