According to a statement, the plan has received approval from the boards of Eni and Kuwait Petroleum Corporation following a binding offer submitted by Q8.
The Priolo biorefinery will have a capacity of 500,000 tonnes per year and will offer significant operational flexibility to produce either HVO-diesel or SAF-biojet, in order to adapt to market trends and demands.
The completion of the authorization process, finalization of detailed agreements, and construction work are all expected by the end of 2028.
(Stefano Bernabei, editing by Francesca Piscioneri)
