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Biofuel production in Kenya: Eni soon gets a $210 million loan

22/05/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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In a press release published on May 17, it was announced that the Italian oil company Eni should soon obtain a loan of $210 million to finance the development of its production activities for biofuels in Kenya

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Le prêt de 210 millions $ qu' espère Eni proviendra à hauteur de 60% (135 millions $) de la part de la Society financière internationale ( SFI) while the rest will be mobilized by the Italian Climate Fund. This package will help ENI increase the production of oilseeds used to manufacture biofuels and strengthen its processing capacity through the construction of new factories. é é According to Claudio Descalzi, managing director of ' Eni, “Oilseed production should increase from é 44 & 000 tonnes thinsp; to 000 tons per year. 500 ' As part of this ambition, we plan to é increase the number of ' farmers within our network é of ' 000 personnes au cours de 5 prochaines ann 200th local supply es ”.

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