Luanda – The Italian oil company ENI is proposing to invest, in Angola, between US $100,000 and 150 million in the construction of 35 agricultural centres for the production of cereals for biofuels.
The manager of the Italian oil company, Claudio Descalzi, announced this Monday to the press, at the end of a meeting with the President of the Republic, João Lourenço, that in the next five years, ENI will preferably invest in land that is not conflicting with the food needs of Angolans.
He revealed that the cereals will feed Italian bio-refineries, which have an annual production capacity of 1.1 billion tons of biofuel.
Claudio Descalzi believes that in the next three years, the capacity of these refineries will be added for another million tons of fuel.
He informed that, in those agricultural lands, Castor bean will be produced, a grain resistant to the weather, and suitable for this type of fuel.
The leader of the Italian oil company expressed his intention to build a bio-refinery in Angola, without advancing on the deadlines.
Bio-fuels are renewable energy sources, produced from organic matter of animal or vegetable origin (eucalyptus, sugarcane, castor beans).
Before the meeting with the Head of State, the Italian oil company ENI, the National Oil and Gas Agency (ANPG) and SONANGOL signed a cooperation agreement for the production of biofuels, in order to boost the energy transition sector.
The agreement, signed within the scope of the National Biofuels Strategy, establishes, among other targets, goals and principles for the production of biofuels in Angola, in line with the commitments assumed internationally, through the Kyoto Protocol.
Adopted in 1997 in Japan, the Kyoto Protocol is a global agreement resulting from the United Nations Framework Convention on Climate Change.
Source: Angola Press News Agency