• Eni and MSC sign MoU to collaborate on sustainability and energy transition initiatives.
• Joint efforts to explore biofuels, renewable lubricants, and waste management solutions for MSC fleets.
• Partnership aims to reduce emissions and promote circular economy practices in global transport services.

Eni CEO Claudio Descalzi and MSC Group President Diego Aponte have signed a memorandum of understanding (MoU) to develop joint initiatives focused on sustainability and energy transition. The agreement seeks to expand their existing relationship into new areas, particularly in decarbonizing operations.

Key details:

• The collaboration includes potential use of liquefied natural gas (LNG) and lower-carbon energy carriers like HVO and bio-LNG biofuels on MSC’s logistics and cruise fleets.
• Renewable energy solutions will be evaluated to decarbonize MSC’s sites and facilities.
• The partnership aims to create synergies in logistics services, intermodal transport, agro-industrial activities for biorefining, and innovative transport solutions for HVO biofuels.
• The agreement also covers support for decommissioning offshore platforms, joint research and development initiatives, and participation in the Open-es framework for value-chain sustainability.
• Circular economy practices will be promoted, including the use of renewable and recycled plastics on board and improved waste management.

What they’re saying:

Claudio Descalzi, CEO of Eni, commented:

“There are many parts of our economic and industrial systems where we must act to reduce emissions. The only way to succeed is by uniting the skills, resources and technologies across a range of stakeholders, for a widespread intervention in each of these key areas. This agreement marks the start of our collaboration with MSC in the decarbonisation of transport and cruise services. MSC is the world leader in the sector and we are confident that together we will be able to develop and implement decarbonisation initiatives, that provide an important contribution to the sector and to the reduction of emissions from our transport systems.”

Diego Aponte, MSC Group President, commented:

“At MSC we are focused on achieving a successful energy transition and to do this we need the partners we can trust and rely on. Eni has been one of these partners for many years and this MoU is a welcome and natural evolution of our relationship. We look forward to working more closely with Eni as we broaden and deepen our approach to sustainability and decarbonization across the MSC Group of companies.”

The bottom line:

This partnership signifies a strategic move by both companies to reduce emissions in the transportation sector, leveraging their combined expertise to advance sustainability goals.

RELATED ARTICLE: KKR Makes $3.2 Billion Bet on Enilive, Eni’s Sustainable Mobility Company

Follow ESG News on LinkedIn