Eni Signs Agreement for Biofuel Use on Saipem's Naval Fleet
February 23 2023 - 2:00AM
Dow Jones News
By Giulia Petroni
Eni SpA said late Wednesday that it has signed a memorandum of
understanding regarding the use of its biofuels on Saipem SpA's
naval fleet, particularly for operations in the Mediterranean
Sea.
"The MoU represents an important milestone for Eni and Saipem,
confirming the mutual commitment to diversifying energy sources and
to reducing the carbon footprint across offshore operations," the
Italian oil-and-gas major said.
Eni has been producing biofuels since 2014 thanks to the
conversion of the refineries in Gela and Venice, both in Italy,
into biorefineries. The agreement with Saipem was signed through
Eni Sustainable Mobility.
Financial details weren't released.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 23, 2023 01:45 ET (06:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Saipem (BIT:SPM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Saipem (BIT:SPM)
Historical Stock Chart
From Jul 2023 to Jul 2024
