Italian energy group Eni and Q8 Italy have agreed to jointly build and operate a new biorefinery at Priolo, in Sicily, a major step in the conversion of the site's former chemical facilities, the two companies said on Tuesday. ...

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]