Italian Oil and Gas MNC Eni and SABIC signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be transformed into high-value fuels and chemicals, such as methanol.
The partnership will involve, among other activities, the construction of an Industrial Demonstration Plant that will be built and operated inside their industrial premises. The development project will advance the technology, which is based on the Short Contact Time Catalytic Partial Oxidation (SCT-CPO) of natural gas, to further sustain the Eni and SABIC business by using in a more efficient way the cleanest and lower GHG emission fossil fuel.
With this agreement, Eni and SABIC will be able to leverage world-class R&D and operational experience to enable the success of the project. This technology was initially developed by Eni after an intensive R&D period. This was coupled with SABIC’s short contact time reactor R&D and the company’s extensive knowledge of the integration of synthesis gas generation into processes to produce derived chemicals.