By Cristina Roca

Eni SpA (ENI.MI) said Monday that it has signed a partnership agreement with Maire Tecnimont's green chemistry subsidiary, NextChem, to develop and implement a technology that turns waste into hydrogen and methanol.

The Italian energy company said the technology could be implemented at its industrial sites in Italy.

The conversion technology uses high-temperature gasification to turn solid urban waste and non-recyclable plastic into hydrogen and methanol, Eni said.

"This partnership will see Eni acquire highly innovative technology," said Giuseppe Ricci, Eni's chief refining and marketing officer.

Financial details weren't disclosed.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

June 10, 2019 02:20 ET (06:20 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Eni (BIT:ENI)
Historical Stock Chart
Von Mär 2024 bis Apr 2024 Click Here for more Eni Charts.
Eni (BIT:ENI)
Historical Stock Chart
Von Apr 2023 bis Apr 2024 Click Here for more Eni Charts.