Eni and Sonangol have inked a memorandum of understanding (MoU) to further expand the scope of their cooperation by developing studies in the agribusiness value chain and in other sectors of decarbonization, including energy transition minerals and innovation ecosystem.

The signatories of the agreement include CEO of Eni Claudio Descalzi and Chairman of the Board of Directors of Sonangol Sebastião Pai Querido Gaspar Martins.

The MoU that came in line with Sonangol’s investment decarbonization vision cooperate on identifying and assessing opportunities in the areas of Energy transition, including agro-industrial supply chains for the production of low carbon fuels, valorization of residual biomass and green ammonia for agro-industrial applications. Also, the companies will evaluate agribusiness opportunities, with studies to promote synergies between national agricultural food and bio-energies value chains with a focus on improved seeds and biotechnologies, mechanization, fertilizers and logistics services.

Other potential areas of cooperation include the energy transition ecosystem, which includes capacity building, assessment, and development of innovative technologies and digital solutions in the fields of energy transition and agribusiness, as well as support to the environment of start-ups and small medium enterprises (SMEs). Energy transition minerals, such as those used in the manufacture of batteries and renewable energies, may also be included in this ecosystem.