History
| 1960s: The business is started |
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| 1962 Saras is founded by Angelo Moratti |
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| 1965 The Sarroch refinery begins operation |
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| 1968 A new topping plant and fluid catalytic cracking (FCC) plant are added |
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| 1970s: Third-party refining |
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| 1970 Production on behalf of third parties is begun |
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| 1970 The alkalisation unit and a sewage treatment plant begin operation |
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| 1980s: Increase in conversion capacity |
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| 1983 A visbreaking unit (45,000 bl/day) and a vacuum plant (60,000 bl/day)are built |
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| 1984 A new reforming (CCR) plant enters operation (30,000 bl/day) |
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| Late 80s The capacity of the FCC plant is increased to 94,000 bl/day |
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| 1990s: The environment, new technologies and expansion into the wholesale market Saras begins operating in the wholesale market in Spain (Saras Energia) and Italy (Arcola Petrolifera) |
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| 1992 A new mild hydrocracking plant (MHC) enters operation (70,000 bl/day) |
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| Beginning 2000s: Further investment in high-tech plants Further investment in high-tech plants: Construction of the IGCC (Integrated Gasification Combined Cycle) plant that generates electricity from heavy residues produced by refining (TAR) Completion of a second MHC plant Completion of an etherification plant (TAME) |
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| 2005: investing in renewables The Ulassai (Sardinia) wind farm enters operation with installed capacity of 72 MW |
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| 2006: listing in the Italian stock exchange and acquisitions IPO (Initial Public Offer) to increase visibility and motivate the management in order to find new growth opportunities in order to create value for the shareholders View Press Release Acquisition of the 45% of Sarlux S.r.l from Enron Dutch Holdings B.V. View Press Release Refinery conversion capacity increased (i.e. production of diesel in spite of fuel oil) thanks to upgrading of some plants View Press Release Acquisition of 37 retail stations in Spain from Caprabo S.A. View Press Release |
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| 2007: upgrading of some refinery key units successfully completed The upgrades allowed to increase the refinery conversion capacity adding further 150,000 tons per year of diesel production in spite of fuel oil. View Press Release |
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| 2008: The achievement of environmental,economic and operational targets Registration EMAS (Eco Management Audit Scheme) Obtained the AIA (Integrated Environmental Authorization) Refinery record runs reached 15.5 million tons (113.3 million barrels) Start of the TGTU (Tail Gas Treatment Unit) allowing a reduction of 30 – 35% of the sulphur dioxide global emissions Start of the gasoline desulphurisation unit |
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Last update: 11/08/09 |