Ver Angola

Energy

Eni signs memorandum with partners for decarbonization and energy transition in Angola

Italian oil company Eni, Sonangol and the National Oil, Gas and Biofuels Agency (ANPG) signed a memorandum of understanding for the joint development of the agro-biofuels sector, decarbonization and energy transition in Angola.

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In a statement sent this Tuesday to Lusa, Eni said that the memorandum, signed on Monday in Luanda, results from a meeting between the President, João Lourenço, and its CEO Cláudio Descalzi, held on Friday in Luanda Angolan capital.

According to the Italian oil company, the signatories, under this agreement, "will develop a path of decarbonization for the Republic of Angola through a circular economy approach, evaluating in particular the development of crops with a low level of soil degradation and covering crops in rotation with cereals".

As part of the memorandum of understanding, stated in the note, the parties will also assess business opportunities in the areas of waste collection with the aim of valuing the organic fraction and bio-refining.

The memorandum signed "is in line with Eni's commitment to accelerate the energy transition in fossil fuel producing countries, promoting the integration of the African continent in the biofuels value chain through agro-industrial development initiatives aimed at the production of advanced biofuels ".

"Helping to decarbonise the transport sector and promoting development opportunities", reads the statement.

Eni also refers that in the meeting with João Lourenço, its president updated the head of State with information about the "new gas consortium, which is now approaching the final investment decision, a historic milestone that allows the valorization of non-associated gas reserves to the country".

The progress of Eni's activities in Angola, namely the start-up of the project to increase gasoline production at the Luanda Refinery and the photovoltaic plant in Caraculo, in Namibe province, were also under analysis at the meeting between João Lourenço and Cláudio Descalzi.

The chairman of the board of directors of Sonangol, Sebastião Martins, the administrator of ANPG, Belarmino Chitangueleca and the general director of Eni, Matteo Bacchini, were the signatories of the memorandum, according to a note from the Angolan Ministry of Mineral Resources, Oil and Gas.