Eni, Fincantieri and RINA establish decarbonisation partnership

March 25, 2024

Eni, a global energy company, Fincantieri, one of the world’s largest shipbuilding groups, the only one active in all high-tech marine industry sectors, and RINA, a multinational inspection, certification, and engineering consultancy, have signed an agreement to develop joint initiatives for the energy transition. The partnership formalises the commitment to develop joint projects, in line with the partners’ strategies, to decarbonise the maritime sector in the medium to long term with the goal of Net Zero by 2050. Additionally, the establishment of a permanent global observatory regarding future technological, regulatory, and market developments will be evaluated.

The three companies will conduct a comprehensive analysis and evaluation of the most
sustainable alternatives to support the maritime decarbonisation pathway. This will also be
based on the development of complementary solutions to fuels already available for other
hard-to-abate sectors. The partnership’s areas of interest also include an analysis of the
reference energy infrastructure and the development of new logistic structures, including the
investments that the sector requires.

Giuseppe Ricci, Chief Operating Officer for Energy Evolution at Eni, commented: “The
collaboration with Fincantieri and RINA, two major Italian players, is a further step in our
journey towards the transition and decarbonisation of maritime transport. To meet the
objectives of the UN 2030 Agenda, it is important not only to manage what is immediate but
also to act with a medium to long-term perspective, developing partnerships to create more
sustainable solutions and products. The ability to network among the partners, with their
wealth of skills and technological capabilities, can make a significant contribution to finding
more effective solutions for decarbonising maritime transport and meeting the needs of
shipowners and logistics operators, always leveraging a holistic approach”.

Pierroberto Folgiero, CEO and Managing Director of Fincantieri, said: “We are highly
committed to supporting our clients in addressing the industrial challenges of the maritime
energy transition, and this initiative is aimed at initially creating a hub of study to harness Italy’s extraordinary expertise in new technologies, novel fuels, and their profound industrial
implications for the ship system. We are very pleased to join forces with Eni and RINA in an
alliance to materialise existing solutions and to pave the way for the future with a proactive
ecosystem approach. Indeed, new technologies must be industrialized on board ships, just as
new fuels must be produced and distributed at the dock. Only with a concept of “operationalising innovation” can we lead our industry and project our shipbuilding leadership into the future”.

Carlo Luzzatto, CEO and General Manager of RINA, said: “We strongly believe in the value
of collaboration and the opportunities it brings, particularly when it involves players of
international calibre such as Eni and Fincantieri. Together, we have the opportunity to share
knowledge and experience and to contribute to more sustainable solutions that support the
shipping supply chain. RINA brings to the partnership its engineering and technological skills,
developed across various sectors, to support shipping in its journey towards reducing its
carbon footprint, without excluding any energy options”.

The understanding may be the subject of subsequent binding agreements that the parties will
define in compliance with the applicable legislation, including that relating to transactions
between related parties.

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