Eni and Saipem extended the collaboration agreement signed between the two companies in November 2023 to combine their respective skills and specialisations in the industrial field for new projects of Eni’ s interest. The agreement concerns, in particular, the construction of new biorefineries, the conversion of traditional refineries into biorefineries, and, generally, the development of new initiatives by Eni in the field of industrial transformation. Through this agreement, Eni, in line with its goal of decarbonising processes and products, intends to further

develop its biorefining capacity through the development of new initiatives to produce biofuels both for aviation( SAF, Sustainable Aviation Fuel) and for land and sea mobility( HVO, Hydrotreated Vegetable Oil). At the same time, Saipem further strengthens its distinctive expertise in biorefining and decarbonisation. In line with the agreement, Eni has recently awarded Saipem a contract for the start-up of detailed engineering, procurement services and the purchase of critical equipment for the upgrading of the Enilive biorefinery in Porto Marghera, next to Venice.

“ The 10 Millionth Neway Valve Delivery Celebration” was held at the ball valve manufacturing factory on Taishan Road, Suzhou. The co-founder of Neway Group Mr Godwin Cheng, the Chief Valve Expert of Shell Mr Rob Hengst, the chairman of Neway Stock Mr Vincent Lu, the CEO

Mr. Elvin Feng, and representatives from overseas branches and manufacturing departments gathered together to witness this extraordinary milestone moment. The 10 millionth valve is a pneumatic metal-seated trunnion mounted ball valve. This valve not only demonstrates Neway’ s world-class performance in technological R & D and manufacturing capability but also serves as a vivid testament to cohesive cooperation and joint progress with global customers. In his speech, Mr. Godwin expressed his sincere gratitude to every colleague who has contributed to the development of Neway. He pointed out that the journey from 0 to 10,000,000 is a memorable struggle and also marks a new beginning.“ We will always stay true to our original aspiration, continue to innovate, dare to ask where the road leads, create value for our customers, and achieve win-win outcomes for more customers, employees, and partners.”