Eni and the Republic of Benin ink agreement
Published by Callum O'Reilly,
Eni and the Minister of Agriculture, Livestock and Fisheries of the Republic of Benin have signed a cooperation agreement to develop joint initiatives on the agro-industrial chain, for biorefining use.
Under the terms of the agreement, the parts will evaluate potential opportunities in the country in the field of agriculture and vegetable raw material to develop oil crops for Eni’s biorefining system.
The cooperation agreement focuses on the low Indirect Land Use Change (ILUC) crops identified in areas subject to natural and anthropic degradation, thus valorising marginal lands while not competing with the food chain.
The agreement will allow Eni to contribute to the development of new industrial models in the country, ensuring the sustainability along the whole agro-feedstock supply chain. It will play a key role in the energy transition for both Eni and the Republic of Benin. It will also benefit the employment market and the economic sector, capitalising on the competitiveness of a local industry with a solid agricultural vocation.
The agreement confirms a new area of activity for Eni in the country and follows the six agreements signed in recent months to support the decarbonisation process and promote circular economy initiatives in the African countries, by leveraging the role that agro-feedstock can play in Eni’s path to achieve carbon neutrality by 2050.
Eni aims to further expand and diversify the biorefining system’s supply sources, leveraging its know-how in the sector to promote the development of agricultural and industrial projects in the areas of agro-feedstock, biorefineries and biofuels.
Read the article online at: https://www.hydrocarbonengineering.com/refining/10032022/eni-and-the-republic-of-benin-ink-agreement/
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