Eni and Fincantiers companies have inked a memorandum of understanding (MoU) to collaborate on promoting initiatives focused on energy transition, Eni disclosed in a press release.

The partnership seeks to develop integrated decarbonization solutions in the fields of energy, transport and circular economy. This will be implemented by conducting an initial study to identify the initiatives in these areas to help launch joint technological or industrial innovation projects.

Claudio Descalzi, CEO of Eni, announced: “We believe that the technological assets we are creating should be used to meet our decarbonization objectives, and also be shared with other leading industrial players in order to find opportunities for greater enhancement. The energy transition is first and foremost a technological transition, and only companies with a strong industrial and innovative capacity, as well as the willingness to combine forces and skills, will be able to lead it.”

Also, Giuseppe Bono, CEO of Fincantieri, commented: “The agreement reaffirms the leading role that the industry has decided to play in the energy transition, a journey of profound innovation that our country has embarked on with determination. The MoU covers a number of highly strategic national sectors, and their development will play a key role in the new circular economy that will be defined in the coming years. Our strong corporate DNA has always led us to look to the future, and we are proud to be at the forefront of such a complex challenge alongside a partner like Eni.”

Eni noted that this MoU will allow both companies to renew and extend the existing agreements as well.