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EIB and Eni sign €500 million in financing for new biorefinery in Sannazzaro de’ Burgondi

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By Eni S.p.A.

April 03, 2026

Business Advanced Biofuels 

On April 1, the European Investment Bank and Eni signed a 15-year loan for €500 million to convert selected units of Eni’s Sannazzaro de’ Burgondi refinery, located in the Italian province of Pavia, into a biorefinery.

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Neste has published its annual Green Finance Report for 2025. The report demonstrates the company’s commitment to producing renewable fuels and thereby mitigating climate change and accelerating a shift to a circular economy.

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The U.S. EPA on March 27 finalized the 2026 and 2027 RFS RVOs at levels higher than originally proposed. The increase is attributed to the decision delay implementation of provisions penalizing imported fuels and feedstocks until 2028 or later.

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Nearly 1.65 billion RINs were generated under the RFS in February, down 10% when compared to the same month of last year. Total RIN generation for the first two months of 2026 reached 3.44 billion, down 2% when compared to the same period of 2025.

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Ecostrat Inc. and the BMI Group on March 12 announced a collaboration to leverage BDO Zone Ratings to ‘ready-state’ BMI’s legacy pulp and paper assets across Canada for next-generation investment in the bioeconomy.

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Produced by BBI International, the Sustainable Fuels Summit, Carbon Capture & Storage Summit and Ethanol 101 expand FEW into a comprehensive platform for biofuels innovation, carbon management and industry education.

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Universal Fuel Technologies’ has announced its Flexiforming technology successfully converts HEFA-derived naphtha into synthetic aromatic kerosene that, when blended with paraffinic SAF, creates a fully synthetic jet fuel.

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Abundia Global Impact Group Inc. has entered a multi-project licensing agreement with Topsoe to deploy its HydroFlex technology for the upgrading process at a waste-plastics-to-renewable products recycling facility in Baytown, Texas.

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Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), has appointed new leadership team members as part of an organizational change that primarily affects the company’s Renewable Products business.

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John Deere is emerging as a quiet catalyst in the bioenergy transition, expanding equipment compatibility, data tools and policy engagement to help farmers connect their crops to growing markets for biodiesel, renewable diesel and sustainable aviation fuel.

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The U.S. EIA reduced its forecast for 2026 renewable diesel production in its latest Short-Term Energy Outlook, released March 10. The forecasts for the production of biodiesel and “other biofuel,” defined to include SAF, were maintained.

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Repsol on March 10 announced plans to invest up to EUR 10 billion ($11.61 billion) in its operations through 2028, with a portion of that investment dedicated to low-carbon projects, including renewable fuels.

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Two researchers at Imperial College London on March 5 published a paper that identifies 36 strategies with the highest potential to reduce global carbon emissions. Biofuels and BECCS are among the strategies identified by the researchers.

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Par Pacific Holdings Inc. on Feb. 24 confirmed commissioning is underway on a biorefinery project under development at the company’s Kapolei refinery in Hawaii that will add 61 MMgy of capacity to produce renewable diesel, SAF and associated biofuels.

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Calumet Inc. on Feb. 27 confirmed that the MaxSAF expansion at its Montana Renewables facility remains on track to be operational in the second quarter of 2026. The project will boost sustainable aviation fuel (SAF) capacity to 120-150 MMgy.

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Eni has announced it will proceed with plans to convert certain units of the Sannazzaro de’ Burgondi refinery into a biorefinery that can produce 550,000 metric tons per year of feedstock, with the flexibility to produce SAF and renewable diesel.

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Topsoe has signed an agreement with Petrobras. Under this agreement, Topsoe will deliver technology and services for a potential facility at Petrobras’ Boaventura Energy Complex, located in Itaboraí, in the state of Rio de Janeiro in Brazil.

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The U.S. EPA on Feb. 19 released data showing nearly 1.68 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, down 9% when compared to 1.84 billion RINs generated in January 2024.

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Bayer on Feb. 19 announced the launch of newgold seed, its first multi-crop seed brand developed specifically for low-carbon intensity crops, designed to help farmers participate directly in the fast-growing biofuels market.

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The House Committee on Agriculture on Feb. 13 released a draft Farm Bill that includes provisions that aim to expand the use of biochar and encourage growth and innovation in the biofuel, bioproducts and bioenergy industries.

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Anaergia Inc., through its subsidiary Anaergia S.r.l., has entered into a contract with Circular Renewable Evolution S.r.l. to supply its proprietary anaerobic digestion technology as part of a €50 million initiative at Eni’s Gela biorefinery.

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Neste is making donations to three Finnish universities. This funding is intended to foster groundbreaking catalysis research and strengthen long-term academic expertise in catalysis engineering, catalysis chemistry and catalysis modeling.

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LanzaTech Global Inc. has announced Saltend Chemicals Park in Humberside as the intended location for its pioneering DRAGON II project—a £600 million investment to produce sustainable aviation fuel (SAF) and renewable diesel at scale.

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Neste Corp. on Feb. 5 released Q4, reporting that renewable sales volume were up for both the quarter and the full year 2025. The renewable diesel market improved toward the end of the year and record-high SAF sales supported profitability.

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Eni and Q8 Italy announce a major strategic investment in the ongoing project for the construction of a new biorefinery in Priolo, Sicily. The facility will have the capacity to produce 500,000 metric tons of renewable diesel and SAF annually.

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Valero Energy Corp. on Jan. 29 released fourth quarter 2025 financial results, reporting a profitable three-month period for its ethanol segment and Diamond Green Diesel joint venture, which produces renewable diesel and SAF.

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SAF producer XCF Global Inc. and DevvStream Corp., a caron management and environmental asset monetization firm, on Jan. 26 announced that they have agreed to a binding term sheet to combine Southern Energy Renewables Inc. in a three-party merger.

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EcoCeres has officially launched its state-of-the-art renewable fuel facility in Pasir Gudang, Johor, Malaysia, marking a historic milestone as the country’s first sustainable aviation fuel (SAF) production plant.

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The New Mexico Environmental Improvement Board on Jan. 22 unanimously adopted regulations implementing a Clean Transportation Fuel Program, making New Mexico the fourth U.S. state to adopt a clean fuel standard.

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The foundation is strong for expansion of biodiesel, renewable diesel and SAF in the U.S., but to build on the growth of recent years, producers and stakeholders must remain united, according to Clean Fuels Alliance America CEO Donnell Rehagen.

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