The purpose of the oil companies in the face of a future seemed In the case of the British oil company BP. However, there are many other ways to follow the green path, and the Italian eni is a clear example.
Short. The Italian oil company ENI has created two businesses focused on green artificial intelligence and carbon dioxide emissions, according to He has reported Reuters. In this way, two other oil initiatives that are underway are added: Plenitude and Enilivethat focus on renewable and biofuel energies respectively.
Business model diversification. In this way, ENI has estimated that the profitability of their “green” businesses will reach two-digit figures in the next five years, with a performance comparable to that of the traditional oil and gas sector (15%-16%), as collect the Financial Times.
A large project. The Italian oil company has focused its strategy on the use of supercomputing and AI to develop sustainable solutions. From its center in North Italy, the company operates The HPC5 supercomputerthe most powerful in the energy sector, together with an energy plant and a carbon capture installation. The objective is to sell processing capacity to technological companies that need to train AI models, but using low emission energy, thus reducing the environmental impact of these operations.
Be more sustainable. The oil company It is advancing in the carbon capture and storage initiative (CCS), having almost three gigatons of CO2 storage capacity. An example that he is walking towards that direction is his Hynet North West project in the United Kingdom, which seeks to capture industrial broadcasts and store them in the Ireland Sea.
Another market to open. Together with the oil company Malaysia Petronas, both They are exploring A new opportunity in the gas market. In fact, they have planned to join their deposits to create a joint business capable of producing the equivalent of 500,000 barrels of oil per day in natural gas. This operation would represent approximately half of the current production of ENI gas and is designed to supply Asian markets, such as China and India, where the demand for gas It is still increasing.
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