Mubadala Petroleum and Eni, the built-in worldwide vitality firm, have signed a Memorandum of Understanding (MoU) aimed toward figuring out cooperation alternatives within the vitality transition sector, together with the fields of hydrogen and carbon seize, utilisation and storage (CCUS), that align with their respective decarbonisation targets
The signing of the MoU. (Picture supply: Mubadala Petroleum)
The settlement covers potential joint alternatives within the Center East, North Africa, South East Asia and Europe and different areas of mutual curiosity.
The partnership is consistent with Mubadala Petroleum’s proactive strategy to Environmental, Social & Governance (ESG) concerns and its vitality transition targets. This contains pursuing a gas-weighted portfolio technique that has seen the corporate’s asset base attain nearly two thirds pure fuel, whereas decreasing greenhouse fuel emissions (GHGs) by 25% within the final three years.
The settlement was signed by Mubadala Petroleum’s CEO, Mansoor Mohamed Al Hamed and Eni’s COO of Pure Assets, Alessandro Puliti. The signing was witnessed by Khaldoon Khalifa Al Mubarak, managing director and group CEO of Mubadala Funding Firm and Claudio Descalzi, CEO of Eni.
