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Ludoil

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Namestring
Ludoil
Legal namestring
Ludoil Energy S.r.l.
Websiteurl
ludoil.it
Company typeenum
Private
Founded yearint
1940
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersMilan, Italy
HQ citystring
Milan
HQ countrystring
Italy
HQ regionstring
Europe
Markets served

Serves global market

Offices8 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
petroleum refining, retail fuel stations, aviation fuel supply, biomethane production, fuel logistics services
Industry2 codes
1Marine Bunkering & Port Fuel Supply
CodeEUALAIAGPrimaryYes
2Lubricant Formulation & Blending (Finished Lubricants)
CodeEUALAJACPrimaryNo
NAICS code4 codes
  • Petroleum Refineries32411
  • Petroleum Bulk Stations and Terminals424710
  • Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)424720
  • Fuel Dealers45721
SIC code3 codes
  • Petroleum Refining2911
  • Wholesale-Petroleum & Petroleum Products (No Bulk Stations)5172
  • Wholesale-Petroleum Bulk Stations & Terminals5171
Product category
Oil Refining and Distribution
Social media profiles1 record
GTM motion4 records

Each record includes

Type, Description, Source

Revenue model7 records
1Refined Fuel Sales (Retail)
TypeOne Time License
Description

Retail fuel sales through owned service station network. Revenue from gasoline, diesel, and related petroleum products sold to end consumers at 156+ locations. Includes rebranded Auchan stations under Iperstaroil/Staroil brands.

2B2B Fuel Sales (Extrarete)
TypeTransaction Fee
Description

Wholesale and extrarete (outside network) B2B fuel sales to commercial and industrial customers, government entities, and maritime operators. Includes supply contracts with ITA Airways and military organizations.

3Aviation Fuel Supply
TypeTransaction Fee
Description

Jet fuel and biojet fuel supply to ITA Airways and other carriers at Rome Fiumicino airport, leveraging dedicated pipeline infrastructure and airport-side logistics partnerships.

4Maritime/Bunkerage Fuel Supply
TypeTransaction Fee
Description

Marine fuel supply to naval vessels including Marina Militare's Todaro submarine and cruise ship operators at Italian ports.

5Logistics Services
TypeProfessional Services
Description

Storage, handling, and transportation services through Sodeco division. Pipeline operations, terminal management, and distribution logistics for petroleum products.

6Biomethane and Biofuel Production
TypeTransaction Fee
Description

Production and sale of biomethane and biofuels from Raco facility. Revenue from renewable energy certificates and sustainable fuel commercialization across Europe under ISCC EU certification.

7Tax Credit Trading
TypeTransaction Fee
Description

Trading and monetization of Italian Superbonus and other fiscal incentive tax credit receivables. Transactions include €1.3 billion with Intesa Sanpaolo and €630 million with BPER Banca.

Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 6 records shown
1Iperstaroil
Description

Service station brand under the Ludoil network with rebranded ex-Auchan stations

ludoil.it
+5 more records
Core offering1 text field

Ludoil is an integrated Italian multi-energy company that operates along the entire energy value chain, from petroleum refining and supply to logistics, retail fuel distribution, aviation and maritime fuel supply, and biomethane/biofuel production. The group refines crude oil at the ISAB Priolo Gargallo refinery (over 20% of Italian national refining capacity), distributes fuel through a network of 156+ owned service stations under the Ludoil, Iperstaroil, and Staroil brands, supplies jet fuel and biojet to ITA Airways at Rome Fiumicino via a 63 km dedicated pipeline, provides maritime bunkerage to the Italian Navy and commercial shipping, and produces biomethane and advanced biofuels at the Raco facility in Sicily.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Over 20% market share of Italian national refining capacity
+2 more records
Scale indicator14 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2024-01-01
Description

GOI Energy sold its 100% stake in ISAB S.r.l. to Ludoil Capital S.r.l. (subsidiary of Ludoil Energy S.p.A.) in a phased acquisition. Initial 51% stake acquisition with consolidated revenues projected to exceed €10 billion annually. ISAB owns the Priolo Gargallo refinery representing over 20% of Italian national refining capacity.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Strategic aviation fuel supply partnership. Ludoil supplies jet fuel and biojet fuel to ITA Airways at Rome Fiumicino airport, leveraging its Civitavecchia logistics assets and 63-kilometer pipeline. Ongoing commercial relationship.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Construction partner for the Raco biomethane production facility in Belpasso, Sicily. Partnership for developing agricultural biogas and biomethane production infrastructure.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Aviation fuel logistics partner performing direct aircraft refueling operations at Rome Fiumicino airport as part of Ludoil's fuel supply operations to ITA Airways.

Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Aviation fuel logistics partner performing direct aircraft refueling operations at Rome Fiumicino airport as part of Ludoil's fuel supply operations to ITA Airways.

Strategic tierSupportingTypeTechnology or Integration
Description

Third-party certification body that granted Raco the ISCC EU certification enabling bi fuel commercialization across Europe, meeting RED II sustainability standards.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

PKN Orlen is a Central European integrated oil major with refining, retail, and energy transition investments. Comparable as a regional integrated player pursuing energy transition.

TypeDirect peer
Description

Saras is an Italian integrated oil company with the Sarroch refinery in Sardinia, refining capacity, and retail fuel operations under the 'Saras' brand. The closest direct comparable to Ludoil's integrated refining-to-retail model, especially after ISAB acquisition.

TypeDirect peer
Description

ERG is a major Italian energy company with renewable energy generation and historical refining assets. Comparable in Italian energy market scale and transition from traditional refining to renewables.

4Api (Anonima Petroli Italiana)
TypeDirect peer
Description

Api is an Italian integrated oil company operating fuel retail networks, refining, and B2B fuel sales domestically. Comparable in Italian retail fuel and B2B extrarete operations.

TypeDirect peer
Description

Q8 is a major fuel retailer and refiner in Italy with branded service stations and logistics assets (some acquired by Ludoil via Gala Logistica). Directly comparable in Italian fuel retail and logistics.

TypeBroad incumbent
Description

Enilive is the Eni Group's biofuel and retail mobility subsidiary operating service stations in Italy. Comparable in Italian fuel retail and biofuel/SAF production at scale.

TypeBroad incumbent
Description

Eni is Italy's largest integrated oil and gas major with refining, retail (Enilive), biomethane, and renewable operations. Comparable at a much larger scale across the entire value chain Ludoil operates in.

TypeBroad incumbent
Description

Repsol is a Spanish integrated energy major with refining, mobility/retail, and renewable/biofuels businesses. Comparable business model diversification across fuels and energy transition.

TypeBroad incumbent
Description

MOL is a Central European integrated oil and gas group with refining, retail, and petrochemicals. Comparable in mid-sized integrated European energy operations.

TypeDirect peer
Description

Tamoil is a European fuel retailer with significant Italian presence in refining-adjacent and branded service station operations. Comparable in Italian retail fuel market participation.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI capability3 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles11 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries11 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Ludoil

Oil Refining and Distributionludoil.it

Ludoil firmographics

Firmographics
Name
Ludoil
Legal name
Ludoil Energy S.r.l.
Website
https://ludoil.it
Company type
Private
Founded year
1940
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

Ludoil industry classification

Industry
Product category
Oil Refining and Distribution
NAICS
Petroleum Refineries (32411), Petroleum Bulk Stations and Terminals (424710), Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720), Fuel Dealers (45721)
SIC
Petroleum Refining (2911), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Petroleum Bulk Stations & Terminals (5171)
akta.pro primary industry
Marine Bunkering & Port Fuel Supply (EUALAIAG)
akta.pro secondary industry
Lubricant Formulation & Blending (Finished Lubricants) (EUALAJAC)

Keywords

  • Petroleum refining
  • Retail fuel stations
  • Aviation fuel supply
  • Biomethane production
  • Fuel logistics services

Where Ludoil is headquartered

Location

Headquarters

HQ city
Milan
HQ country
Italy
HQ region
Europe

Offices8 records

Markets served

Ludoil business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Refined Fuel Sales (Retail): Retail fuel sales through owned service station network. Revenue from gasoline, diesel, and related petroleum products sold to end consumers at 156+ locations. Includes rebranded Auchan stations under Iperstaroil/Staroil brands.
  2. B2B Fuel Sales (Extrarete): Wholesale and extrarete (outside network) B2B fuel sales to commercial and industrial customers, government entities, and maritime operators. Includes supply contracts with ITA Airways and military organizations.
  3. Aviation Fuel Supply: Jet fuel and biojet fuel supply to ITA Airways and other carriers at Rome Fiumicino airport, leveraging dedicated pipeline infrastructure and airport-side logistics partnerships.
  4. Maritime/Bunkerage Fuel Supply: Marine fuel supply to naval vessels including Marina Militare's Todaro submarine and cruise ship operators at Italian ports.
  5. Logistics Services: Storage, handling, and transportation services through Sodeco division. Pipeline operations, terminal management, and distribution logistics for petroleum products.
  6. Biomethane and Biofuel Production: Production and sale of biomethane and biofuels from Raco facility. Revenue from renewable energy certificates and sustainable fuel commercialization across Europe under ISCC EU certification.
  7. Tax Credit Trading: Trading and monetization of Italian Superbonus and other fiscal incentive tax credit receivables. Transactions include €1.3 billion with Intesa Sanpaolo and €630 million with BPER Banca.

Go-to-market motion4 records

Distribution channels5 records

Marketing channels5 records

Ludoil product offering

Product offering

Core offering

Ludoil is an integrated Italian multi-energy company that operates along the entire energy value chain, from petroleum refining and supply to logistics, retail fuel distribution, aviation and maritime fuel supply, and biomethane/biofuel production. The group refines crude oil at the ISAB Priolo Gargallo refinery (over 20% of Italian national refining capacity), distributes fuel through a network of 156+ owned service stations under the Ludoil, Iperstaroil, and Staroil brands, supplies jet fuel and biojet to ITA Airways at Rome Fiumicino via a 63 km dedicated pipeline, provides maritime bunkerage to the Italian Navy and commercial shipping, and produces biomethane and advanced biofuels at the Raco facility in Sicily.

Differentiator

Problem solved

Functional benefit

Brands

  • Iperstaroil: Service station brand under the Ludoil network with rebranded ex-Auchan stations
  • Staroil
  • Sodeco
  • Luce
  • EOS
  • Gala Logistica

Quantifiable outcome

  • Over 20% market share of Italian national refining capacity
  • +2 more outcomes

Companies that use Ludoil

Customer profile

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Ludoil technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Ludoil partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and supporting.

  • GOI EnergycoreStrategic or Co-development Partner · 1 January 2024GOI Energy sold its 100% stake in ISAB S.r.l. to Ludoil Capital S.r.l. (subsidiary of Ludoil Energy S.p.A.) in a phased acquisition. Initial 51% stake acquisition with consolidated revenues projected to exceed €10 billion annually. ISAB owns the Priolo Gargallo refinery representing over 20% of Italian national refining capacity.
  • ITA AirwayscoreStrategic or Co-development PartnerStrategic aviation fuel supply partnership. Ludoil supplies jet fuel and biojet fuel to ITA Airways at Rome Fiumicino airport, leveraging its Civitavecchia logistics assets and 63-kilometer pipeline. Ongoing commercial relationship.
  • Tonello EnergiecoreStrategic or Co-development PartnerConstruction partner for the Raco biomethane production facility in Belpasso, Sicily. Partnership for developing agricultural biogas and biomethane production infrastructure.
  • SERAMcoreChannel Partner/ Reseller/ DistributorAviation fuel logistics partner performing direct aircraft refueling operations at Rome Fiumicino airport as part of Ludoil's fuel supply operations to ITA Airways.
  • Levorato MarcevaggicoreChannel Partner/ Reseller/ DistributorAviation fuel logistics partner performing direct aircraft refueling operations at Rome Fiumicino airport as part of Ludoil's fuel supply operations to ITA Airways.
  • SGSsupportingTechnology or IntegrationThird-party certification body that granted Raco the ISCC EU certification enabling bi fuel commercialization across Europe, meeting RED II sustainability standards.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Ludoil competitors and assessment

Company assessment

Broad incumbents

  • PKN Orlen: PKN Orlen is a Central European integrated oil major with refining, retail, and energy transition investments. Comparable as a regional integrated player pursuing energy transition.
  • Enilive (Eni Sustainable Mobility): Enilive is the Eni Group's biofuel and retail mobility subsidiary operating service stations in Italy. Comparable in Italian fuel retail and biofuel/SAF production at scale.
  • Eni S.p.A. Eni is Italy's largest integrated oil and gas major with refining, retail (Enilive), biomethane, and renewable operations. Comparable at a much larger scale across the entire value chain Ludoil operates in.
  • Repsol: Repsol is a Spanish integrated energy major with refining, mobility/retail, and renewable/biofuels businesses. Comparable business model diversification across fuels and energy transition.
  • MOL Group: MOL is a Central European integrated oil and gas group with refining, retail, and petrochemicals. Comparable in mid-sized integrated European energy operations.

Direct peers

  • Saras Group: Saras is an Italian integrated oil company with the Sarroch refinery in Sardinia, refining capacity, and retail fuel operations under the 'Saras' brand. The closest direct comparable to Ludoil's integrated refining-to-retail model, especially after ISAB acquisition.
  • ERG S.p.A. ERG is a major Italian energy company with renewable energy generation and historical refining assets. Comparable in Italian energy market scale and transition from traditional refining to renewables.
  • Api (Anonima Petroli Italiana): Api is an Italian integrated oil company operating fuel retail networks, refining, and B2B fuel sales domestically. Comparable in Italian retail fuel and B2B extrarete operations.
  • Kuwait Petroleum Italia (Q8): Q8 is a major fuel retailer and refiner in Italy with branded service stations and logistics assets (some acquired by Ludoil via Gala Logistica). Directly comparable in Italian fuel retail and logistics.
  • Tamoil Italia: Tamoil is a European fuel retailer with significant Italian presence in refining-adjacent and branded service station operations. Comparable in Italian retail fuel market participation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Ludoil social profiles

Digital presence

Ludoil financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ludoil leadership team

Management profile

Number of profiles

Profiles11 records

Ludoil subsidiaries and ownership

Company hierarchy

Subsidiaries11 records

Ludoil funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Ludoil M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ludoil

What does Ludoil do?

Ludoil is an integrated Italian multi-energy company that operates along the entire energy value chain, from petroleum refining and supply to logistics, retail fuel distribution, aviation and maritime fuel supply, and biomethane/biofuel production. The group refines crude oil at the ISAB Priolo Gargallo refinery (over 20% of Italian national refining capacity), distributes fuel through a network of 156+ owned service stations under the Ludoil, Iperstaroil, and Staroil brands, supplies jet fuel and biojet to ITA Airways at Rome Fiumicino via a 63 km dedicated pipeline, provides maritime bunkerage to the Italian Navy and commercial shipping, and produces biomethane and advanced biofuels at the Raco facility in Sicily.

Is Ludoil a public or private company?

Ludoil is a private company. It is classified as family owned and is currently operating.

When was Ludoil founded?

Ludoil was founded in 1940. It employs 101 to 250 people.

Where is Ludoil based?

Ludoil is headquartered in Milan, Italy, in the Europe region.

How does Ludoil make money?

Seven revenue lines are on record. Refined Fuel Sales (Retail) is the primary driver. The others are B2B Fuel Sales (Extrarete), aviation Fuel Supply, maritime/Bunkerage Fuel Supply, logistics Services, biomethane and Biofuel Production and tax Credit Trading.

Who are Ludoil's main competitors?

Broad incumbents on record are PKN Orlen, Enilive (Eni Sustainable Mobility), Eni S.p.A., Repsol and MOL Group. Direct peers are Saras Group, ERG S.p.A., Api (Anonima Petroli Italiana), Kuwait Petroleum Italia (Q8) and Tamoil Italia.

Does Ludoil have an API?

No public API is recorded for Ludoil.

What industry is Ludoil in?

Ludoil's product category is Oil Refining and Distribution. Its primary akta.pro industry code is EUALAIAG, Marine Bunkering & Port Fuel Supply, with a secondary code of EUALAJAC, Lubricant Formulation & Blending (Finished Lubricants). Its NAICS code is 32411 and its SIC code is 2911.

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Contact sales
Live signals
Il Sole 24 OREIsab: four issues for Ludoil to resolveLudoil cleared regulatory hurdles for its 51% stake in Isab, shifting focus to industrial issues. The refinery, Italy's largest, faces a 2033 contract with Trafigura, investment plans for biofuels, undisclosed funding, and a second-phase stake in Goi Energy.BeBeezLudoil Energy emettte green bond da 40 mln di euro per finanziare un progetto nel biogas in Sicilia - BeBeezLudoil Energy issued a €40 million green bond to fund a biogas plant in Enna, Sicily, with a seven-year term and a variable rate of Euribor 6 months plus 222 basis points. The issuance was delayed multiple times due to missing SACE guarantee documents. The plant will process about 69,000 tons of organic waste annually.Global BankingItaly to Approve Ludoil's Acquisition of Sicilian Oil Refiner ISABItaly is set to approve Ludoil's acquisition of Sicilian oil refiner ISAB. The acquisition is part of Ludoil's strategic expansion in the oil refining sector.Offshore TechnologyLudoil Energy inks SPA for ISAB’s Priolo Gargallo refineryLudoil Energy's subsidiary Ludoil Capital signed an SPA with GOI Energy to acquire its stake in ISAB, owner of the Priolo Gargallo refinery in Sicily. The deal will be completed in two stages, starting with a 51% stake, subject to Italian government approval. The refinery, Italy's largest, is authorized to process 20 million tonnes per annum.EnergychamberLudoil’s ISAB Acquisition Reinforces the Strategic Role of Refining in Global Energy SecurityLudoil Energy has signed an agreement to acquire a controlling stake in ISAB, owner of the Priolo Gargallo refinery in Sicily — Italy's largest refining complex — in a phased transaction subject to regulatory approvals that will position Ludoil as Italy's leading privately held multi-energy company. The deal, supported by the African Energy Chamber, reflects a broader shift toward securing and modernizing downstream infrastructure as European refining constraints have exposed vulnerabilities in fuel supply chains. The acquisition aims to transform the traditional refinery into an integrated energy platform incorporating advanced biofuels and renewable generation alongside conventional processing.RenewablesnowLudoil to buy major Italian refinery with bio-processing in mindLudoil Capital S.r.l., a wholly-owned unit of Ludoil Energy S.p.A., has agreed to acquire an initial 51% equity stake in ISAB S.r.l. from GOI Energy S.r.l., subject to government and regulatory clearance. ISAB owns the Priolo Gargallo refinery in southeastern Sicily, which has an authorised capacity of 20 million tonnes per year and is considered a strategic asset for Italy's national energy security. Ludoil plans to transform ISAB into a multi-energy hub producing bio-fuels such as HVO, SAF, and bioethanol, with the transaction expected to generate consolidated revenues exceeding EUR 10 billion annually, positioning Ludoil as Italy's leading privately held multi-energy company.ZawyaLudoil Energy signs agreement to acquire ISAB, creating Italy's largest privately held multi-energy companyLudoil Energy signed an agreement to acquire ISAB, Italy's largest privately held multi-energy company, subject to Golden Power and antitrust clearance. The deal will transform ISAB into an energy company with integrated crude processing and biofuels, expected to generate over €10 billion in consolidated revenues annually.Global BankingLudoil Acquires Sicilian ISAB Refinery Amid Europe Fuel Supply CrisisItalian energy firm Ludoil has agreed to acquire a 51% stake in Sicily's ISAB refinery from Cyprus-based private equity fund G.O.I. Energy, pending Italian government and antitrust approvals under the golden power regime. The deal will see ISAB transform from a traditional refinery into an integrated energy company, with Ludoil aiming to fully integrate operations and develop a biofuel business. ISAB is considered a strategic national asset, accounting for more than 20% of Italy's refining capacity, and the combined entity is expected to generate consolidated revenue above 10 billion euros.BeBeezLudoil Energy sottoscrive accordo con GOI Energy (Argus New Energy Fund) per acquisire ISAB-Industria Siciliana Asfalti e Bitumi - BeBeezLudoil Energy signed a sale-and-purchase agreement with GOI Energy to acquire its stake in ISAB, the owner of Italy's largest refineries in Priolo Gargallo. The deal, covering 51% of shares, is subject to Italian government approval and antitrust clearance. The plan includes expanding renewable biofuel production and eventually transforming ISAB into an integrated energy company.Il Sole 24 OREIsab Refinery in Priolo, Ludoil's due diligence to buy the plantsLudoil Energy, an Italian energy group, has begun due diligence for a potential acquisition of the Isab refineries in Priolo Gargallo, Sicily, following the transfer of the complex from Russia's Lukoil to Cyprus-based Goi Energy with support from trader Trafigura. The two refineries have an authorised processing capacity of 20 million tonnes of crude oil per year with approximately 60% utilisation and employ around 2,400 people. Meanwhile, Lukoil Italia is formally disputing the contract withdrawal, claiming no valid termination occurred despite a EUR 29 million payment made on January 12.