Edoardo Raffinerie Garrone

ERG S.p.A.
Public
Traded as BIT: ERG
Industry Petrochemical
Renewable energy
Founded June 2, 1938 (1938-06-02)
Headquarters Genoa, Italy
Key people
 Edoardo Garrone (Chairman)
Luca Bettonte(CEO)
Products Refinery products
Electric power
Revenue Decrease €7,076 million (2013)[1]
Increase €85 million (2013)[2]
Total assets Increase €2,795 million (2013)
Total equity Decrease €1,773.6 million (2013)
Number of employees
 778 (2013)
Website www.erg.it

ERG S.p.A. is a publicly listed Italian energy company, founded in 1938 and based in Genoa, Italy.

Profile

Following a period of profound transformation (sale of the ISAB refinery and of the ISAB Energy power station, the creation of the TotalErg joint venture and the sale of the ERG Oil Sicilia network), ERG Group is now the leading operator in wind energy in Italy and is currently among the top ten in Europe (onshore). It also owns a combined cycle power plant (ERG Power, 480 MW) in Priolo Gargallo in Sicily and recently purchased the Terni (527 MW) hydroelectric unit from EON Produzione.

As regards the geographic distribution of ERG Renew wind farms (93%-owned subsidiary), the MW installed are mainly in Italy (1,087), where other logistics centres of the subsidiary ERG Renew Operations & Maintenance are also located. ERG Renew is present with 252 MW in France, 168 MW in Germany and, through a joint venture, with LUKERG Renew in Romania (77 MW ERG share) and in Bulgaria (27 MW ERG share). Over the course of 2015, wind farms in Poland became operational (approximately 80 MW).

History

ERG was founded by Edoardo Guida Garrone in 1938,[3] founding a company for the refining of petroleum. In 1952 signs an agreement to refine the oil on behalf of BP.[4]

During the 1960s and 1970s has started to build some oil refineries and pipelines in Italy, in particular a pipeline in Arquata Scrivia[5] and an oil refinery in Priolo Gargallo (ISAB).[3]

In the 1980s has acquired the petrol stations networks owned by Elf, Chevron and BP in Italy, through ERG Petroli.[3]

Since 1997 the company is listed on the Italian Stock Exchange.[6] In 1999 it opened gas, (petrol), stations network in Spain through ERG Petroleos,[5] sold in 2008 to Saras S.p.A.[7]

In 2008 it signed an agreement with Lukoil, sharing the 49% of oil refinery in Priolo Gargallo.[8][9]

In 2009 it launched its own Mobile virtual network operator: ERG Mobile, becoming the first Italian oil company with its own telecommunications company.[10]

In 2010 ERG Petroli and TotalErg Italia merge in TotalErg, starting operation on October 1, 2010.

Sponsorship

ERG has been the main sponsor of U.C. Sampdoria, a football club owned by the Garrone family (Riccardo Garrone was the President, with Edoardo as Vice, and Vittorio as Director), for more than 9 years.

References

  1. ↑
  2. ↑ http://bilanciointerattivo.erg.it/documents/10693/27846/ERG_Bilancio+_2013_ENG_240314.pdf/533df4c3-ef2b-472d-8bad-edc568c0a0e9
  3. 1 2 3
  4. ↑
  5. 1 2
  6. ↑
  7. ↑
  8. ↑
  9. ↑ ,
  10. ↑

External links

This article is issued from Wikipedia - version of the Friday, February 05, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.