Saras

The Saras Group operates in the energy sector and is one of the leading independent oil refiners in Europe. The Sarroch refinery, on the coast south-west of Cagliari, is one of the biggest in the Mediterranean in terms of production capacity (15 million tonnes per year, equal to 300,000 barrels per day) and one of the most advanced plants in terms of complexity (11.7 on the Nelson Index). Located in the middle of the Mediterranean, it is a reference model in terms of efficiency and environmental sustainability, due to its technological know-how, expertise and human resources acquired over fifty years of activity. Saras has adopted a business model based on the integration of its supply chain through close coordination between refinery operations and commercial activities. This also includes the subsidiary Saras Trading SA, which deals with acquiring crude and other raw materials for the Group�s refinery, selling its refined products, and also performing trading activities. The Group sells and distributes oil products directly, and through its subsidiaries, such as diesel, gasoline, diesel fuel for heating, liquefied petroleum gas (LPG), virgin naphtha and aviation fuel, mainly on the Italian and Spanish markets, but also in various other European and non-European countries. In the early 2000s, the Saras Group also started to produce and sell electricity by means of an IGCC plant (Integrated Gasification Combined Cycle), which has an installed power of 575 MW. The feedstock used by the IGCC plant is the heavy products of the refinery, and the plant generates over 4 TWh of electricity each year, which corresponds to more than 45% of the electricity requirements in Sardinia. In addition, the Group sells electricity from renewable sources in Sardinia, via the Ulassai wind farm (installed capacity of 96 MW). Lastly, the Group provides industrial engineering and research services to the petroleum, energy and environment industries, via its subsidiary Sartec Srl.