(Alliance News) - Eni Spa, Fincantieri Spa and RINA, a multinational inspection, certification and engineering consultancy, announced Monday that they have signed an agreement to develop joint initiatives for the energy transition.

The partnership enshrines a commitment to develop joint projects, in line with the partners' strategies, for decarbonization solutions for the maritime sector in the medium to long term and with Net Zero targets to 2050. The establishment of a permanent global-scale observatory on future technological, regulatory and market developments will also be considered.

Specifically, the agreement calls for the involvement of the three companies in conducting a comprehensive analysis and evaluation of the most sustainable alternatives that can support the maritime decarbonization pathway, based also on the development of solutions complementary to fuels already available for other hard-to-abate sectors.

The partnership's areas of interest also include an analysis and study of the relevant infrastructure and energy profile and the development of new logistics facilities, including the investments the sector requires.

Giuseppe Ricci, general manager of Energy Evolution at Eni, commented, "The collaboration with Fincantieri and RINA, two major Italian players, is a further step in our journey to transition and decarbonize maritime transport. To meet the goals of the UN 2030 Agenda, it is important not only to manage what is contingent, but also to act prospectively in the medium to long term, developing partnerships to create more sustainable solutions and products."

"The ability to network between different actors, with their wealth of expertise and technological capabilities, can make an important contribution to finding more effective solutions for the maritime transport decarbonization strategy and for meeting the needs of shipowners and logistics operators, always leveraging a holistic approach."

Pierroberto Folgiero, chief executive officer and general manager of Fincantieri, said, "We are very focused on partnering with our clients in addressing the industrial issues of the energy transition at sea, and this initiative is aimed at creating, in the first instance, a place of study where the extraordinary expertise that exists in Italy on new technologies, new fuels and their profound industrial implications in the ship system can be brought together."

"We are very pleased to join forces with Eni and RINA in an alliance to give substance to the solutions that exist today and to chart the way into the future with a proactive ecosystem perspective. New technologies, in fact, will have to be industrialized on the ship, just as new fuels will have to be produced and distributed at the dock. Only with a cantierable innovation concept could we lead our industry and project our shipbuilding leadership into the future."

Carlo Luzzatto, managing director and general manager of RINA, said, "We strongly believe in the value of collaboration, all the more so when players of international caliber such as Eni and Fincantieri are involved, and in the opportunities that arise from it. Together we have the opportunity to pool knowledge and experience, contributing to the study of more sustainable solutions to support the maritime transport supply chain. RINA is providing its engineering and technological expertise gained in the different sectors in which it operates to support shipping on its path to a reduced carbon footprint, without precluding any energy options."

Eni's stock is up 0.9 percent to EUR14.48 per share while Fincantieri's is down 2.5 percent to EUR0.65 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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