Eni and Saipem sign MoU for decarbonization projects in Italy

Dec 13 2020


The companies will cooperate on the identification and engineering of CCS projects particularly in industrial districts of Italy.

The objective is to contribute towards the decarbonisation process of entire production chains, particularly those of the highest energy intensity by taking clear steps with immediate action to combat climate change and to achieve CO2 reduction targets at national, European and global level.

Through the MoU, Eni and Saipem will also evaluate participation in programs financed by the European Union as part of the Green Deal Strategy, proposing the possible inclusion of specific initiatives within the plan for the use of funds intended to support Member States of the 'European Union in the post-COVID-19 phase (“Recovery and Resilience Fund”).

Claudio Descalzi, CEO of ENI, said, "Through this strategic agreement, Eni intends to strengthen its leadership in the energy transition process, accelerating the evolution of its business model that combines economic and financial sustainability with environmental sustainability. The adoption of technological solutions for decarbonization such as carbon capture, utilization and storage, will be fundamental in the energy transition of the country, and Eni can provide unique skills and expertise in managing production processes and in the fight against climate change".

Saipem's Chief Executive Officer, Stefano Cao, commented, "The agreement signed with Eni strengthens Saipem's role as a leading player in the CO2 capture, transport, reuse and storage sector. We are able to propose concrete solutions to support the process of reducing carbon dioxide emissions of the energy and production chains of the industrial districts in Italy and contribute to the achievement of ambitious national and European objectives. These solutions require a high level of specialization, competence and experience in this sector that Saipem has developed over the years and is ready to make available in its contribution to Italy’s sustainable recovery and in supporting the technological and industrial supply chain".

ENI
Saipem


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Issue 78 - Nov - Dec 2020

CCUS in Asia: Japan’s Tomakomai project - achievements and future outlook .. China’s policy framework to achieve ‘historic ambition’ of net-zero emissions Norway launches £2.1 billion ‘Longship’ project .. Rystad: Europe could see $35 billion in CCS.....