The President Director of Pertamina, Nicke Widyawati, and ENI CEO, Claudio Descalzi, in the presence of the Minister of Energy and Mineral Resources, Ignasius Jonan, signed a Memorandum of Understanding to investigates synergies of their respective technologies, expertises and know-how, for jointly evaluating new collaboration opportunities in the areas of circular economy, driver for strategic development for ENI and its subsidiaries Syndial (environment) and Versalis (chemicals). The parties are willing to discuss collaboration opportunities in low carbon products and renewable energies development.

In particular, ENI and Pertamina agreed to explore opportunities and discuss collaboration in waste transformation processes and biomass valorization processes, also leveraging ENI proprietary technologies, sewage sludge conversion into biomethane production by anaerobic digestion, advanced biofuels from biomass, chemicals from biomass.

Furthermore, ENI and Pertamina agreed to explore and discuss collaboration in the field of recycle and reuse: water treatment and re-use processes and polymer recycling technologies, also pursuing eco-design processes to maximize final products recycle. The

Memorandum of Understanding also includes opportunities for collaboration in the research and technology development for waste valorization, carbon dioxide biofixaton and its re-use for sustainable mobility.

Finally, ENI and Pertamina will discuss cooperation and business opportunities both in

Indonesia and internationally in renewable projects.

ENI and Pertamina have also signed a Heads of Agreement for a joint venture aiming at the construction of an add-on grassroots bio-Refinery in Indonesia. In the context of this partnership, key terms of a Processing Agreement in Italian refineries has also been signed. This will enable HVO to reach the Indonesian Market utilizing current ENI Ecofining Technology.