# Ludoil Energy acquisition of ISAB refinery

> Live situation record from CLSTR: https://clstr.news/situations/ludoil-energy-acquisition-of-isab-refinery
> Updated: 2026-10-02T17:26:43.000Z. Sources: 27. Developments: 3.

Ludoil Capital, a subsidiary of Ludoil Energy, has completed the acquisition of a 51% stake in the ISAB refinery from Goi Energy. The transaction, valued at approximately one billion euros, received approval through the Italian government’s Golden Power procedure and cleared antitrust and European foreign subsidy regulations. Following the acquisition, Ludoil announced a five-year industrial plan involving approximately 1.3 billion euros in capital investments. The strategy aims to restore refinery efficiency by modernizing decommissioned units and accelerating a transition toward biofuels production, including HVO, BIO-ETBE, bio-gasoline, and Sustainable Aviation Fuel (SAF). The project is expected to impact local employment, with projections suggesting the involvement of approximately one thousand additional workers in the industrial area. Financial support for the acquisition was provided by Bper, UniCredit, and MPS, with assistance from Sace guarantees. The new governance includes Marco Russo Spena as chairman and Paolo Fedeli as CEO. In response to the acquisition, the CGIL trade union has demanded guarantees regarding industrial strategy, employment stability, training, and workplace safety. While expressing support for the transition toward renewable energy, the union has called for discussions with the new ownership to clarify the impact on the Syracuse industrial hub and the detailed investment timelines. Italian Minister of Enterprises and Made in Italy, Adolfo Urso, visited the ISAB industrial complex in the Priolo-Melilli-Siracusa area. Minister Urso emphasized that the refinery, which accounts for over one-fifth of Italy’s refining capacity, is a “strategic pillar for national and European energy security.” He noted that government intervention, including emergency decrees, helped prevent the facility's closure. Ludoil has committed to confirming the current workforce, which includes approximately 1,000 direct employees and 2,000 through related industries.

## Claims

- Ludoil Capital has acquired a 51% stake in Isab from Goi Energy. (corroborated by 12 sources)
- Ludoil plans to invest approximately 1.3 billion euros over the next five years. (corroborated by 12 sources)
- The industrial plan aims to restore efficiency to non-operational units and accelerate the transition toward biofuels. (corroborated by 12 sources)
- Minister Adolfo Urso stated that ISAB is an example of defending national interest through strategic industrial policy. (corroborated by 12 sources)
- The ISAB refinery accounts for more than one-fifth of Italy's refining capacity. (corroborated by 12 sources)
- The refinery employs approximately 1,000 direct workers and 2,000 people through related industries. (corroborated by 12 sources)
- The Ludoil Group plan includes the confirmation of the entire current workforce. (corroborated by 12 sources)
- The acquisition received approval through the Golden Power procedure. (corroborated by 6 sources)
- Financial support for the operation was provided by Bper, UniCredit, and MPS. (corroborated by 6 sources)
- The enterprise value of the asset is fixed at one billion euros. (corroborated by 4 sources)

## Timeline

### 2026-10-02: ISAB refinery returns to Italian control under Ludoil Group

The Ludoil Group has acquired 51% control of Italy's ISAB refinery. A new 1.3 billion euro investment plan will focus on plant efficiency and biofuels while preserving existing jobs.

20 sources. https://clstr.news/cluster/sicily-to-hold-technical-meeting-on-dust-pollution-in-isola-delle-femmine-and-capaci

### 2026-09-23: Ludoil Capital acquires 51% stake in Isab refinery

Ludoil Capital has acquired a 51% stake in Italy’s Isab refinery from Goi Energy, committing 1.3 billion euros over five years to modernize facilities and transition toward biofuels.

14 sources. https://clstr.news/cluster/ludoil-capital-acquires-51-stake-in-isab-refinery

### 2026-08-29: Ludoil Energy acquisition of ISAB refinery prompts union demands

Following Ludoil Energy's approved acquisition of the ISAB refinery, the CGIL union is demanding guarantees for job security, worker safety, and detailed investment plans for the energy transition.

3 sources. https://clstr.news/cluster/ludoil-energy-acquisition-of-isab-refinery-prompts-union-demands

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Cite as: Ludoil Energy acquisition of ISAB refinery. CLSTR, https://clstr.news/situations/ludoil-energy-acquisition-of-isab-refinery