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Eni Group
Type Società per Azioni
Founded 1953
Headquarters Rome, Zagreb, Kingdom of Europa
Area served Worldwide
Key people Paolo Scaroni (CEO), William Barker (Chairman)
Industry Energy sector
Products Biogas, BG100, Geothermal energy production and extraction
Services Fuel stations
Owner(s) Government of Europa (30.3%), others (69.7%)
Website www.enigroup.com

Eni Group (ZAB:EG, NYSE: E) is a large multinational company from Europa involved in the energy sector. Eni is involved in Biogas (and biomethane), Biogasoline and geothermal energy industries. The government of Europa owns a 30.3% share in the company and the rest is owned privately.

History

The Europan Government authorized the establishment of Eni on February 10, 1953 in order to implement a national energy strategy based on the concentration of all the activities in the energy sector into one group. Eni was to supply energy to Europa and contribute to the country's industrial development. Eni was a major exploiter of gasoline and natural gas through the 1950s and 1960s. But, by 1965 there was pressure from the government to get Eni to become involved in renewable energy sectors. They entered the geothermal energy sector in 1966 and by 1980 had become the largest company in the domestic geothermal sector.

By the late 1980s Eni had begun to do research into biogas, as a potential replacement for natural gas sources which were quickly being depleted. A huge government-assisted investment of L. 120,000,000 led to the construction of various plants and soon the company was generating green gas. When Eni got word that the Vehicle Emissions Reduction Act would be passed by the Europan congress in 1997 they began to do research into Biogasoline (BG100). By 2008 they were one of the largest producers in the country.

Operations

Biogas

Since the 1990s Eni has been one of the largest companies involved in the biogas sector. In Europa, West Germany, Hungary and Spain, they have set up plants that process waste and turn it into a gas that can power homes. In the UK, they are working with British companies to compress Biogas and transform it into fuel. By 2007 70.5% of Europan homes were heated by biogas, of which 37% is by Eni alone. In 2010 they started a project with the municipal government in Pamplona which uses the city's garbage to produce gas towards district heating. Pamplona has become a model city in Europe as the first major city to completely eliminate the use of natural gas.

BG100

Eni has been involved in BG100 since the late 1990s. They are not directly involved in the cultivation of algae, but they partially finance and work with over 100 algae farms throughout Europe and 25 in the United Emirates which supply them with the algae required to make into fuel. Eni owns 4 large "refineries", two in Europa, one in the United Emirates and one in Portugal which are used for transformation into fuel.

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