Group 1 - Eni and Q8 Italy have reached an agreement to jointly construct and operate a new biorefinery in Priolo, Sicily [1] - This initiative represents a significant advancement in the transformation of the former chemical facilities at the site [1]

Core Insights - Eni has initiated the environmental approval process for transforming its industrial site in Priolo, Sicily, into a biorefinery and a chemical recycling plant for plastics [1] Company Developments - The project aims to enhance Eni's capabilities in sustainable energy and waste management by converting plastic waste into valuable resources [1] - This initiative aligns with Eni's broader strategy to reduce environmental impact and promote circular economy practices [1] Industry Trends - The move reflects a growing trend in the energy sector towards sustainability and the adoption of innovative technologies for waste recycling [1] - The establishment of biorefineries and chemical recycling plants is becoming increasingly important as industries seek to meet regulatory requirements and consumer demand for environmentally friendly practices [1]