Eni, Sabic to Team Up on Gas-Conversion Technology
February 08 2019 - 9:53AM
Dow Jones News
By Nathan Allen
ENI SpA (ENI.MI) said Friday that it will jointly develop a
technology to convert natural gas into synthesis gas with Saudi
Basic Industries Corp. (2010.SA).
Synthesis gas is an intermediate product used in the production
of higher-margin fuels and chemicals such as methanol.
The aim of the partnership is to bring down capital and
operational expenditure in the conversion process, while
simultaneously reducing the companies' carbon footprint, Eni
said.
Eni and Sabic will initially construct a demonstration plant
inside one of Eni's facilities.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
February 08, 2019 09:38 ET (14:38 GMT)
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