Eni to phase out use of palm oil by 2023

Italian oil-and-gas company Eni SpA is reviewing its supply chain with the aim to eliminate the use of palm oil and its derivatives by 2023. The measure is part of the wider decarbonization strategy it put it place in its 2020-23 strategic plan. The move comes as the EU works toward its goal of reducing the use of high-emitting biofuels to zero by 2030 after concluding that palm-oil diesel is unsustainable in most cases.

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