Abu Dhabi National Oil Company (ADNOC) and Eni have formed a partnership to develop advanced solutions for the reduction, capture, usage or confinement of CO2 emissions.
The companies today announced the signing of a Memorandum of Understanding (MoU) which will see them explore CCUS processes and technologies.
Through the MoU the parties will be able to explore new high efficiency technologies for carbon capture with consequent decarbonisation effects on the hydrocarbon chain and also on relevant industrial activities.
“We are pleased to sign this strategic framework agreement with Eni that builds on our successful partnerships across the oil and gas value chain,” said Dr. Sultan Ahmed Al Jaber, CEO of Abu Dhabi National Oil Company.
“We look forward to swiftly developing this framework agreement to another new mutually beneficial partnership with Eni as the agreement offers significant potential for exciting and sustainable growth opportunities.”
Claudio Descalzi, Eni’s CEO, said, “This MoU further demonstrates Eni’s strong commitment to strengthening our important partnership with ADNOC, such as important actor, and generating positive impact cross our value chain.”
“Both companies will collaborate to pursue new mid-term solutions aimed at leading the current energy transition in line with Eni’s decarbonisation strategy aimed to achieve net zero emissions in its upstream business by 2030 and ADNOC’s recently announced sustainability goals.”
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