Italian major Eni has signed a memorandum of understanding with the government of Rwanda to develop a decarbonisation value chain, setting course to build a roadmap for energy transition business opportunities.
The MoU will focus on circular economy, agriculture, forestry, innovation, and digital information technology.
« Thanks to the MoU, we will develop a solid roadmap to deliver on the energy transition in areas where both Eni and Rwanda are at the forefront, » said Luigi Ciarrocchi, director of CCUS, Forestry and Agro-Feedstock at Eni.
« The business model we are willing to implement in Rwanda focuses on long-term value creation for all stakeholders, combining economic, financial and environmental sustainability, to improve communities’ quality of life and foster the country’s development in line with the United Nations Sustainable Development Goals. »
Eni and Rwanda will evaluate the feasibility of projects focused on collecting used cooking oil and waste oils, waste management, and recycling, along with bio-feedstock production from agriculture to turn into decarbonisation projects. The country will also focus on forest conservation and generating carbon credits.
« The government of Rwanda is committed to working with the private sector to ensure sustainable development, which is critical for present and future generations, » said Clare Akamanzsi, chief executive of the Rwanda Development Board.
« The partnership with Eni boosts the achievement of this goal. We are hopeful that together we will implement tangible actions that will ensure improved quality of life for our people.»
Subscribe to view notification of our daily news