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Eni Mubadala will cooperate on energy transition

 Last Update: 2021-09-30
 Source: Internet
 Author: User

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Recently, the Italian energy group Eni and Mubadala Oil Company, a wholly-owned subsidiary of Mubadala Investment Company, signed a memorandum of understanding to determine energy Cooperation opportunities in transitional areas, including the capture, utilization and storage of hydrogen and carbon
.

This is consistent with their respective decarbonization goals

Claudio Descalzi, CEO of Eni Group, said: "Eni will use all its know-how to focus on the energy transition
.

We will work with strategic partners such as Mubadala Petroleum.

The company’s recent initiatives include its carbon dioxide capture and storage project in the UK, the provision of carbon-neutral liquefied natural gas cargoes, the enhancement of its charging services in Europe, the enhancement of its new solar power generation capabilities in Spain and France, as well as the advancement in Norway and Kazakhstan.

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