Italy: Eni, Fincantieri extend agreement in circular economy and decarbonisation

The two groups will approach new technological frontiers on waste to energy, production and transport of energy carriers, or fuel cells applications.

Eni and Fincantieri signed a Memorandum of Understanding (MoU) which extends their cooperation in Research & Development sector, set out by the two Italian companies in 2017, which now approaches new technological frontiers.

The main focus of the extension will be the joint evaluation of opportunities for the development of innovative initiatives in the field of decarbonisation and circular economy. The activities will focus mainly on waste to energy, production and transport of energy carriers as natural gas, methanol or hydrogen, fuel cells applications, the development and deployment of off-shore renewable technologies.

“Natural gas, a fossil energy source with the lowest carbon footprint, will represent in Eni’s production mix an increasing component in the coming years: 60% in 2025, reaching 85% in 2050. In this process, Fincantieri represents a strategic partner with whom we continue to research and develop innovative technologies and systems,” stated CEO of Eni, Claudio Descalzi.

“We believe that the success of this partnership is very good news for Italy, especially given that the cooperation explores a key sector such as the one of sustainable development. The ability of big two national industrial players to pool experiences, professional skills, and above all their visions for the future is a huge strategic achievement," commented CEO of Fincantieri, Giuseppe Bono.