IVECO and Eni team on decarbonizing transportation

In Italy, IVECO and Eni announced they have signed a Letter of Intent (LoI) to bring together their competencies to explore potential cooperation on sustainable mobility initiatives in the commercial vehicle sector in Europe and accelerate the decarbonization of transport, in which both have been active for some time.

IVECO and Eni aim to define an integrated sustainable mobility platform for commercial fleets by offering innovative vehicles powered by biofuels and sustainable energy vectors ‒ such as HVO (Hydrotreated Vegetable Oil) biofuel, biomethane, hydrogen and electricity ‒ and the related infrastructure.

The areas of collaboration envisaged by the LoI include Eni’s offer of 100% pure HVO for IVECO heavy trucks equipped with engines able to operate on it. High-quality HVO biofuel can be used in its pure form in all of the most recent diesel engines. It is a high-quality biofuel derived from materials of vegetable origin and waste, produced using the proprietary Ecofining™ technology at Eni’s Venice and Gela biorefineries. 100% pure HVO enables CO2 emission reductions of 60% to 90% (calculated throughout the lifecycle) compared to the standard fossil fuel mix.

Moreover, Eni and IVECO – Europe’s leading manufacturer of natural gas-powered commercial vehicles – also intend to speed up the market availability of biomethane, a renewable fuel made from agro-industrial waste, which can be both compressed (CNG) and liquified (LNG). This will be made possible through partnerships in Italy and abroad.