Eni and Fincantieri have signed a Memorandum of Understanding (MoU) to establish a partnership for promoting initiatives focused on the energy transition.
The aim of this partnership is to create a system of integrated solutions for decarbonization projects in the fields of energy, transport and the circular economy.
Particularly, Eni aims at contributing to the achievement of the Sustainable Development Goals (SDGs) of the United Nations’ 2030 Agenda, supporting a just energy transition. Eni’s decarbonization strategy aims at reaching net zero by 2050.
Thus, the duo have identified areas of common interest developing synergies, including reducing the environmental impact of maritime transport sector as well as producing energy from renewable sources and the circular economy.
Under the MoU, Eni and Fincantieri will conduct a preliminary study to identify initiatives of common interest in the areas indicated, with the aim of launching subsequent joint technological or industrial innovation projects.
Commenting on the success of the agreement, Claudio Descalzi, Chief Executive Officer of Eni said:
“Eni is on a transformational journey that will lead to the complete reduction of its net emissions… using technologies that [are] already industrially operational or [could] become so in the short term through investment into research.”Claudio Descalzi, CEO, Eni
Technological Assets to help meet decarbonization objectives
According to the Descalzi, these technological assets would help meet its decarbonization objectives, and also be shared with other leading industrial players in order to find opportunities for greater enhancement.
“The energy transition is first and foremost a technological transition, and only for companies with a strong industrial and innovative capacity. [Such companies should have] the willingness to combine forces and skills, will be able to lead it.”Claudio Descalzi
Giuseppe Bono, CEO of Fincantieri, commented: “The agreement reaffirms the leading role that the industry has decided to play in the energy transition. [This marks] a journey of profound innovation that our country has embarked on with determination.”
He further noted that, the MoU encapsulates a number of highly strategic national sectors. As a result, the company’s development will play a key role in the new circular economy that will be defined in the coming years, he said.
“Our strong corporate DNA has always led us to look to the future, and we are proud to be at the forefront of such a complex challenge alongside a partner like Eni.”Giuseppe Bono, CEO of Fincantieri
In accordance with the agreement, the two companies have also decided to renew and extend their existing agreements on the activities of interest. Thereby, converging them under a single, harmonised governance between the technological innovation and business units, with a view to jointly promoting the excellence of the Italian system.
This MoU, which regulates research and negotiation activities, may be subject to later binding agreements, including on transactions between related parties, which the parties will work out in line with applicable legislation.