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San Donato Milanese (Milan), 23 May 2023 - Eni and the Ministry of Agriculture and Rural Development of Vietnam (MARD) signed today in Hanoi a memorandum of understanding (MoU) to cooperate in identifying initiatives in the fields of agri-feedstock and carbon credit generation from nature-based carbon offset solution.
The parties will explore opportunities to valorize residues from agro-industrial value chains to produce vegetable oils, which are not in competition with the food chain, for Eni’s biorefineries. Potential opportunities for the regeneration of degraded, abandoned, or contaminated agricultural lands will also be evaluated, as a driver for rural development.
The MoU includes the possibility to cooperate over the theme of carbon credits generation from Nature based carbon offset activities aimed, for example, at avoiding deforestation, promoting the sustainable use of forests and the conservation of ecosystems such as mangroves, and supporting land management through climate-smart agricultural practices.
The MoU is in line with the MARD’s mission to develop the agricultural sector in Vietnam with a sustainable approach, aiming to encourage an annual growth of 2.5%-3% and increase the forest coverage to 42%, and it fits with Eni strategy to achieve net-zero emissions by 2050.
Eni has been present in Vietnam since 2012 in the Upstream sector, and currently operates five blocks all located in Song Hong and Phu Khanh basins, offshore central Vietnam.
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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Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses.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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