Eni, CDP Equity Waste-to-Fuel JV EU Approved (Int'l. Report)
Eni SpA ,CDP Equity
The European Commission (EC) reports it has given to nod to Rome-headquartered oil and gas company Eni SpA and domestic investment fund CDP Equity SpA for the formation of CircularIT, a waste-to-energy joint venture that would construct municipal waste-water reuse and biofuel plants.
Under the terms, CDP Equity will own 51 pct of the new entity, and Eni Rewind, a subsidiary of the energy company, will hold the remaining 49 pct.
(Source: EC, CDP Equity, May, 20200
Contact: CDP Equity, www.en.cdpequity.it; Eni SpA, www.eni.com
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