2023-05-24 17:26:08
(Alliance News) – Eni Spa announced on Wednesday that its CEO Claudio Descalzi and the Chairman of the Board of Directors of Sonangol, Sebastião Pai Querido Gaspar Martins, signed a memorandum of understanding in Rome aimed at expanding the areas of cooperation between the two companies.
Expanding the partnership will be through studies on the agrifood value chain and other areas of decarbonization, including minerals for energy transition and ecosystem innovation.
Under the terms of the memorandum, Eni and Sonangol will jointly identify and assess opportunities in the energy transition, including agro-industrial value chains for the production of low-carbon fuels, valorization of residual biomass and ammonia. green for agro-industrial applications. In addition, the two companies will assess opportunities in the agribusiness sector, with studies to promote synergies between domestic agricultural supply chains and bioenergy, with emphasis on seeds and improved biotechnologies, mechanization, fertilizers and logistics services.
Other areas of collaboration may include minerals for the energy transition, such as those used in the production of batteries and renewable energy, and the innovation system, which includes capacity building activities, evaluation and the development of innovative technologies and digital solutions in the energy transition and agri-food sectors, including through support for start-ups and small and medium-sized enterprises.
“The memorandum builds on the progress made following the protocol signed by Eni, Sonangol and the National Agency for Petroleum, Gas and Biofuels of Angola – ANPG in October 2021 in order to identify opportunities for cooperation in the country in the agri-food and circular economy sectors”, explained Eni.
“The memorandum is in line with Sonangol’s vision to decarbonize by investing in energy projects from cleaner sources, and Eni’s strategy to play a leading role in the decarbonization process by promoting greater use of renewable energy sources, other energy carriers and low-carbon technologies, in accordance with the provisions of the Paris Agreement on climate change and the United Nations Sustainable Development Goals.”
Eni shares closed slightly higher on Wednesday, at 13.37 euros per share.
Par Giuseppe Fabio Ciccomascolo, senior journalist of Alliance News
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