Eni's Enilive and easyJet Join Forces for SAF Supply in Italy

Zacks12-05

Enilive, Eni SpA’s E mobility services and products subsidiary, has partnered with European airline easyJet through two key agreements to advance the use of Sustainable Aviation Fuel (“SAF”) in Italy....

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The collaboration aligns with the companies’ mutual ambition to decarbonize the aviation sector.Per the terms of the first agreement, Enilive will supply easyJet with SAF for flights from Milan Malpensa Airport, supporting routes to Norway  during the winter season. This SAF, comprising 20% pure SAF blended with conventional jet fuel, aligns with SEA’s SAF Support Program 2024, which provides financial incentives of 800 per ton of SAF. Almost 500,000 has been allocated via the program to promote sustainable fuel usage at Milan’s airports this year.Enilive and easyJet have also signed a Letter of Intent for an additional supply of approximately 30,000 tons of pure SAF between 2025 and 2030. This fuel will be used across multiple Italian airports where easyJet operates, further cementing the airli","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"E":"埃尼石油","FCEL":"燃料电池能源","SND":"Smart Sand Inc.","NINE":"Nine Energy Service Inc.","BK4179":"石油天然气设备与服务","BK4541":"氢能源","BK4201":"综合性石油与天然气企业","BK4096":"电气部件与设备"},"translate_title":"埃尼集团Enilive和易捷航空联手在意大利供应SAF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"E":1,"NINE":1,"SND":1,"FCEL":0.9},"content_text":"Enilive, Eni SpA’s E mobility services and products subsidiary, has partnered with European airline easyJet through two key agreements to advance the use of Sustainable Aviation Fuel (“SAF”) in Italy. The collaboration aligns with the companies’ mutual ambition to decarbonize the aviation sector.\nPer the terms of the first agreement, Enilive will supply easyJet with SAF for flights from Milan Malpensa Airport, supporting routes to Norway (Oslo and Tromso) during the winter season. This SAF, comprising 20% pure SAF blended with conventional jet fuel, aligns with SEA’s SAF Support Program 2024, which provides financial incentives of €800 per ton of SAF. Almost €500,000 has been allocated via the program to promote sustainable fuel usage at Milan’s airports this year.\nEnilive and easyJet have also signed a Letter of Intent for an additional supply of approximately 30,000 tons of pure SAF between 2025 and 2030. This fuel will be used across multiple Italian airports where easyJet operates, further cementing the airline’s commitment to sustainable aviation.\nEnilive's biorefineries in Italy primarily process waste feedstocks, such as used cooking oil and animal fats, to produce SAF. The company plans to scale its pure SAF production capacity to 400,000 tons per year by 2025, supported by the imminent startup of its Gela biorefinery. This capacity is set to increase to 1 million tons per year by 2026, with a potential doubling by 2030.\nStefano Ballista, CEO of Enilive, highlighted SAF's critical role in reducing emissions in air transport. He noted that with the European Union's ReFuelEU regulation boosting demand, the company is dedicated to expanding its biorefining projects to address market requirements.\neasyJet continues to lead the charge for sustainable aviation. Recent initiatives include joining Project SkyPower, a consortium focused on accelerating SAF industry growth, and collaborating with Airbus to explore corporate partnerships for SAF funding.\nRaminder Shergill, easyJet’s director of Tax & Fuel Strategy, emphasized the airline’s commitment to sustainability, stating that SAF is integral to its decarbonization efforts and essential for the aviation industry’s journey toward net-zero emissions.\nWith these agreements, Enilive and easyJet contribute to a sustainable aviation ecosystem, addressing current challenges and long-term goals. Their partnership serves as a blueprint for industry-wide adoption of SAF, paving the way for a greener future in aviation.\nE’s Zacks Rank & Key Picks\nE currently has a Zack Rank #3 (Hold).\nInvestors interested in the energy sector may look at some better-ranked stocks like Smart Sand, Inc. SND, FuelCell Energy FCEL and Nine Energy Service NINE, each presently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nSmart Sand is a low-cost producer of high-quality Northern White frac sand, an ideal proppant for hydraulic fracturing and various industrial applications. The company provides proppant and other logistics services for several companies in the oil and gas industry. With sustained oil and gas market demand, SND is expected to see growing demand for its services, reflecting a positive outlook.\nFuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, thereby reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.\nNine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. The company operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With a sustained demand for oil and gas in the future, the demand for NINE’s services is anticipated to increase, which should position it for growth in the long run.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEni SpA (E) : Free Stock Analysis Report\nFuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report\nSmart Sand (SND) : Free Stock Analysis Report\nNine Energy Service, Inc. (NINE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489468520"}