Ludoil Capital S.r.l., a wholly-owned subsidiary of holding company Ludoil Energy S.p.A., has signed a\u00a0Sale and Purchase Agreement with GOI Energy S.r.l. to acquire GOI Energy\u2019s equity stake in ISAB S.r.l., owner of the Priolo Gargallo refinery and its associated industrial, logistics and energy infrastructure. <\/p>\n
The transaction is structured in two phases, the first covering a 51% interest and subject, among other conditions, to clearance from the Italian Government under the special powers regime applicable to assets of national strategic importance (Decree-Law 21\/2012, the so-called\u00a0Golden Power), and to the requisite antitrust and regulatory approvals.<\/p>\n
Located in south-eastern Sicily, in the Province of Syracuse and straddling the municipalities of Priolo Gargallo, Augusta, and Melilli, the facility is Italy\u2019s largest refining complex, with an authorised capacity of 20 million tonnes per year and a balanced capacity of 15 million tonnes per year, and represents a strategic infrastructure for national energy security, and represents critical national infrastructure for energy security. Through this transaction, an asset of vital national importance returns to\u00a0Italian ownership.<\/p>\n
The acquisition marks the beginning of a new chapter for ISAB, which will be transformed into an Energy Company with an integrated portfolio that spans crude oil processing through to advanced biofuels, positioning the business as a strategic hub for energy flows between Europe, Africa, the Americas, and the Middle East. Operations will follow a shared-value model, ensuring that ISAB strengthens its role in safeguarding energy supplies and continues to deliver prosperity to the local community and the country at large.<\/p>\n
Over the medium term, industrial strategy will centre on\u00a0advanced bio-processing. The plan envisages the progressive build-out of new value chains for the production of Hydrotreated Vegetable Oil (HVO), Sustainable Aviation Fuel (SAF), BioOil, second-generation bioethanol and BioETBE \u2013 a comprehensive set of renewable energy carriers aligned with European decarbonisation policy.<\/p>\n
Investments will be structured to comply with the European RED III Directive, reflecting the Group\u2019s commitment to internationally recognised\u00a0sustainability standards. Alongside the bio activities, the site already hosts a 540 MW power and cogeneration plant and will see the addition of further renewable generation assets totalling 20 MW. These investments form part of a broader transformation of the Priolo industrial district, which is already attracting significant capital flows into biorefining and helping to establish the Syracuse area as a leading hub for the energy transition in the Mediterranean.<\/p>\n
On employment, the existing workforce will be retained\u00a0in full. ISAB represents engineering expertise\u00a0built over decades in Sicily \u2013 the historic heart of Italian refining and petrochemicals. It is a nationally recognised centre of excellence which Ludoil intends to develop further and take onto the international stage. The growth plan and new facilities under development are also expected to create further\u00a0employment opportunities locally, including through partnerships with academic and research institutions.<\/p>\n
The complementarity between Ludoil\u2019s commercial and infrastructure capabilities and ISAB\u2019s industrial expertise will enable\u00a0full vertical integration across the value chain\u00a0\u2014 from feedstock sourcing through downstream operations to distribution. The Group\u2019s portfolio comprises coastal storage terminals, logistics infrastructure, a fuel retail network and a diversified mix of renewable generation assets, from biomethane to solar PV and wind.<\/p>\n
The transaction establishes Ludoil as Italy\u2019s leading privately held\u00a0Multi-Energy Company, with expected consolidated revenues exceeding \u20ac10 billion per year, ranking the Group\u00a0among Italy\u2019s largest companies by revenue\u00a0and placing it at the forefront of the transformation of the national energy system.<\/p>\n","protected":false},"excerpt":{"rendered":"Ludoil Capital S.r.l., a wholly-owned subsidiary of holding company Ludoil Energy S.p.A., has signed a\u00a0Sale and Purchase Agreement…\n","protected":false},"author":2,"featured_media":16085,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5],"class_list":{"0":"post-16084","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-italy","8":"tag-italy"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/posts\/16084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/comments?post=16084"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/posts\/16084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/media\/16085"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/media?parent=16084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/categories?post=16084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/italy\/wp-json\/wp\/v2\/tags?post=16084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}