This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Italy's Largest Refiner To Use Honeywell's UOP/Eni Ecofining™ Process Technology At Venice Refinery

DES PLAINES, Ill., Nov. 12, 2012 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that Italy's largest energy company, Eni S.p.A., will produce renewable diesel using Honeywell's UOP/Eni Ecofining™ process at its facility in Venice.

In a difficult environment for the European refining industry, Eni S.p.A. decided to invest in an innovative project that would produce renewable fuel at its Venice refinery. Eni will retrofit existing equipment at its facility, currently being used to produce petroleum-based diesel, to produce renewable diesel.

"This project truly demonstrates the flexibility of the UOP/Eni Ecofining process. Not only does it produce a drop-in fuel replacement for end-users, but refiners can operate the process by simply modifying existing assets that might otherwise go unused," said Jim Rekoske, vice president and general manager of Honeywell's UOP Renewable Energy and Chemicals business unit. "We applaud Eni S.p.A. for its innovative approach and vision to provide new life for aging assets in the form of a renewable fuel production unit. We look forward to working with Eni S.p.A on this project, which supports the European Union's mandate for increased reliance on renewable energy."

Eni's decision to convert its assets for biofuel production will support local emissions regulations. The European Union's Renewable Energy Directive mandates that, by 2020, 20 percent of its countries' energy must come from renewable sources, and greenhouse gases must be reduced by 20 percent. Eni plans to eventually convert its entire Venice refinery into a renewable diesel production facility.

The UOP/Eni Ecofining process produces a renewable diesel fuel, which is a drop-in replacement for traditional diesel. Unlike biodiesel, it is chemically identical to petroleum-based diesel and can be used in any proportion in existing fuel tanks without engine or infrastructure changes.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs