Energy policy: Unprofitable large refinery

The ISAB plant, which will be converted to "green" hydrogen in the future, will be opened up further for Italy's largest refinery, but this is likely to be unprofitable and the project will continue to be over-indebted.

Greek tragedy at Italian refinery Italy's largest refinery, three years after being sold by Russian Lukoil, is in crisis. The Greek billionaire who currently controls it is in dispute with Trafigura over the terms of oil supplies, the Financial Times reports. The case concerns the ISAB plant in the Sicilian city of Priolo, owned by GOI Energy, owned by Italian billionaire George Economou. In taking over the refinery from Russian Lukoil, he was h…