Angola: Eni and Sonangol expand their cooperation in the fields of decarbonization and sustainable energy transition

Eni CEO Claudio Descalzi and Sonangol Chairman Sebastião Pai Querido Gaspar Martins signed in Rome a Memorandum of Understanding (MOU) to further expand the scope of cooperation between the two companies in Developing studies on the value of chain agribusiness and in other decarbonization sectors, including energy transition minerals and the innovation ecosystem. The Memorandum of Understanding was signed in the presence of Angolan President João Lourenço and Italian Prime Minister Giorgia Meloni, as part of President Lourenço's state visit to Italy.

Under the terms of the MoU, Eni and Sonangol will jointly identify and assess opportunities in the areas of energy transition, including agro-industrial supply chains for the production of low-carbon fuels, waste biomass valorization and green ammonia for agro-industrial applications. In addition, the companies will assess agribusinessUnder the terms of the MoU, Eni and Sonangol will jointly identify and assess opportunities in the areas of energy transition, including agro-industrial supply chains for the production of low-carbon fuels, waste biomass valorization and green ammonia for agro-industrial applications. In addition, the companies will assess agribusiness opportunities, with studies to promote synergies between national agricultural, food, and bioenergy value chains, focusing on improved seeds and biotechnology, mechanization, fertilizers, and logistics services. Other areas of cooperation could include energy transition minerals, such as those used in battery and renewable energy production, and the innovation ecosystem, including capacity building. opportunities, with studies to promote synergies between national agricultural, food, and bioenergy value chains, focusing on improved seeds and biotechnology, mechanization, fertilizers, and logistics services. Other areas of cooperation could include energy transition minerals, such as those used in battery and renewable energy production, and the innovation ecosystem, including capacity building.

The memorandum builds on the good progress of the Memorandum of Understanding signed by Eni, Sonangol and Agência Nacional de Petróleo, Gás e Biocombustíveis de Angola ("ANPG") in October 2021 to identify opportunities for cooperation in the Republic of Angola in the areas of bio-based raw materials. and circular economy. The MoU is in line with Sonangol's decarbonization vision to invest in and implement energy projects derived from cleaner sources, and Eni's strategy to play a central role in the overall decarbonization process, including promoting greater use of renewable energy sources and other low-carbon energies. vectors and technologies, in line with the provisions of the Paris Agreement on Climate Change and the Sustainable Development Goals.