ENI’s CEO, Claudio Descalzi (pictured) announced recently that ENI commit to the full decarbonization of all their products and processes by 2050. His comments are as follows;

“ENI is strongly committed to continue to play a key role in sustainability and innovation, supporting social and economic development in all our activities.

We are taking another step forward in boosting our transformation. We commit to the full decarbonization of all our products and processes by 2050. Our plan is concrete, detailed, economically sustainable and technologically proven.

We are also announcing the merge of our renewable and retail businesses. With this new entity, our large customer base will continue to grow in synergy with our renewable business.

Additionally, the combination of our bio-refining and marketing businesses will play an important role in delivering sustainable mobility. These initiatives will greatly contribute to the decarbonization of our products, impacting positively on our customers.

Finally, thanks to a strong financial discipline and a resilient cash generation, we can upgrade our distribution policy reflecting the strategic progress of our plan.”

(IRuniverse)