- BUSINESS MEETINGS AND AGREEMENTS
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Luanda (Angola), 5 October 2021 – In the occasion of the meeting held yesterday between the President of the Republic of Angola João Gonçalves Lourenço and the CEO of Eni Claudio Descalzi, Eni Angola, ANPG and Sonangol signed a Memorandum of Understanding (MoU) for the joint development of the agro-biofuel sector in the country.
Under the MoU, Eni, ANPG and Sonangol will develop a de-carbonization path for the Republic of Angola through a circular economy approach, assessing in particular the development of low-ILUC (indirect land‐use change) cultivations such as castor beans on degraded lands and cover crops in rotation with cereals. As part of the MoU, the parties will also evaluate business opportunities in the areas of waste-collection, with the purpose of valorizing the organic fraction, and bio-refining.
The MoU is in line with Eni’s commitment to accelerate the energy transition in fossil-fuel producing countries, promoting the integration of the African continent into the biofuel value chain through agribusiness and industrial development initiatives aimed at the production of advanced biofuels, helping the decarbonisation of the transport sector and promoting development opportunities.
As part of the meeting, Mr Descalzi also updated President Lourenço on the New Gas Consortium which is now approaching FID, a milestone allowing the valorization of non-associated gas reserves in the country, accelerating local development through the utilization of domestic gas, and contributing significantly to Angola’s path to de-carbonization.
President Lourenço and Mr Descalzi also reviewed the progress of Eni’s activities in the country, and particularly the key targets for 2022: the start-ups of the Gasoline production increase project at Luanda Refinery, and of the Caraculo photovoltaic plant in Namibe province, and a major FID for the development of a third production hub in block 15/06.
Angola plays a key role in the strategy for organic growth of Eni, which has been present in the Country since 1980.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
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