Eni Opens First Agri-Hub in Congo to Boost Biofuel Ambitions

Core Insights - Eni S.p.A has inaugurated its first agri-hub in the Republic of the Congo, marking a significant advancement in its biofuel supply-chain strategy and decarbonization objectives [1][11] - The facility is designed to produce up to 30,000 tons of vegetable oil annually, which will be processed into biofuels to support Eni's sustainable mobility strategy [2][11] - The initiative aligns with Eni's commitment to achieving net-zero emissions by 2050, utilizing crops from degraded land and regenerative agricultural practices [3][11] Investment and Economic Impact - The Loudima agri-hub enhances the Republic of the Congo's agro-industrial capabilities, with Eni investing in advanced mechanization, high-quality seeds, and training for local farmers [5] - Approximately 200 agricultural machines are committed to the initiative, with about half currently in use, and 400 local tractor operators are expected to be trained, creating job opportunities [5][11] - The facility will also produce vegetable proteins for livestock feed, contributing to the agri-food sector and improving food security [6] Sustainability and Compliance - All vegetable oil produced at the facility will comply with the European Union's Renewable Energy Directive, ensuring sustainability and adherence to biodiversity and labor standards [4] - The agri-hub complements other Eni initiatives in the Republic of the Congo, including a cookstove program that has benefited over 300,000 people by reducing biomass consumption [7] Long-term Commitment - Eni has been operating in the Republic of the Congo since 1968 and is the only company developing the country's substantial natural gas reserves, supplying gas to the Congo Power Plant, which generates 70% of the country's electricity [8] - The establishment of the Loudima agri-hub reinforces Eni's dual commitment to climate goals and community development in the region [9]