Petrovietnam and ENE Vietnam: Exploring Opportunities for Cooperation in the Green Transition

On March 27th in Hanoi, Mr. Le Manh Cuong, Vice President of Petrovietnam, welcomed Mr. Giacomo Spadini, Managing Director of ENI Natural Energies Vietnam LLC (Italy), for a working session to discuss potential areas of collaboration.

Also present at the meeting were senior representatives from ENI Natural Energies (ENE) Vietnam LLC and leaders from Petrovietnam’s specialized departments.

During the discussion, Mr. Giacomo Spadini shared that ENE is pursuing a net-zero emissions target by embracing the energy transition and prioritizing the use of green and renewable energy sources.
To achieve this ambition, ENE has been conducting extensive research and deploying advanced technologies to produce green fuels and promote decarbonization in agriculture. Among its core strengths is the company's expertise in bio-refining. With its proprietary Ecofining™ technology, ENE can convert various waste materials — including used cooking oil, animal fats, and vegetable oils — into high-quality biofuels. The company also aims to broaden the application of decarbonization technologies across a range of sectors.

Mr. Spadini expressed his desire to establish a cooperative partnership between Petrovietnam and ENE in the near future, with the goal of contributing to the effective fulfillment of international environmental commitments made by both Vietnam and Italy.

As Vietnam — and Petrovietnam in particular — continues to actively participate in the global energy transition, both parties recognized the mutual benefit of collaborating in the fields of green energy and renewable energy development.

Mr. Le Manh Cuong, Vice President of Petrovietnam, expressed his hope that in the near future, Petrovietnam will have the opportunity to cooperate with ENE in the fields of green energy and renewable energy, aiming toward sustainable development.

Speaking at the meeting, Vice President Le Manh Cuong emphasized that at the United Nations Climate Change Conference (COP26) in November 2021, Vietnam joined nearly 150 countries in pledging to achieve net-zero emissions by 2050. As the national oil and gas group, Petrovietnam is fully committed to supporting the Government in implementing its emissions reduction roadmap. Alongside its traditional energy portfolio, the Group and its subsidiaries are actively researching and investing in green and renewable energy projects.

In light of the global push for energy transition, Mr. Cuong reaffirmed Petrovietnam’s interest in forming a strategic partnership with ENE, aimed at fostering sustainable development and accelerating Vietnam’s progress toward a low-carbon future.