
Eni and MSC Group President signed a memorandum of understanding aimed at developing joint initiatives in the field of sustainability and energy transition. The two Italian companies – the first is an integrated energy company committed to the energy transition towards carbon neutrality by 2050, the second is a world leader in transport and cruise services – intend to extend the scope of their already fruitful business relationship to a broader geographic context and, in particular, to areas relating to sustainability and decarbonization of their operations.
Amyris, Inc., the U.S. industrial bioscience company, and Chevron Products Company, a division of Chevron U.S.A. Inc., announced that Novvi LLC and Chevron have entered into an agreement to jointly develop and bring to market novel renewable base oil technologies. Terms of the transaction were not disclosed.
The bioeconomy is also new biolubricants, a market segment that is tempting the big oil industry. It is no coincidence that Chevron Products Company, a division of Chevron U.S.A. Inc, has made an equity investment into Novvi LLC (a joint venture of Amyris, Inc., Cosan S.A., and American Refining Group, ARG).