ENI
Polimeri Europa subsidiary creates bioplastics joint venture with Novamont / New EUR 500m hub to be built in ailing Porto Torres / A new global plastics player in the making?
At the end of May, Italian energy giant Eni (Rome; www.eni.it) officially jumped the bioplastics bandwagon when announcing that it had signed a Green Chemistry joint venture with leading bioplastics producer Novamont (Novara / Italy; www.novamont.com). Representatives of rank and file – including the Italian prime minister’s undersecretary Gianni Letta, environment minister Stefania Prestigiacomo, economic development minister Paolo Romani, labour and social affairs minister Maurizio Sacconi as well as the Sardinia region’s president Ugo Cappellacci – attended the signing ceremony between Novamont CEO Catia Bastioli and Eni CEO Paolo Scaroni.

The agreement foresees the establishment of a new EUR 500m Green Centre at Porto Torres – a site that has been in the news as part of the fledgling efforts of Vinyls Italia (Porto Marghera / Italy) to find a suitable buyer – for most recent coverage, see Plasteurope.com of 27.04.2011. The new plan calls for the site’s petrochemical plant, owned by Eni subsidiary Polimeri Europa (Milan / Italy; www.polimerieuropa.com), to house a new green centre, whose production facilities, proprietary technologies and feedstocks will be provided by Novamont. The new centre will be completely chain-integrated with the development of local crops. In return, Eni will provide the site, the infrastructure and the skilled labour.

Altogether, the plans for the new Porto Torres Green Centre will involve three stages. In the first instance, the jv partners will focus on building facilities to produce biomonomers for bioplastics, bio lubricants and bio additives for elastomers. Phase two will involve the construction of new biofiller and bio additive facilities. The final stage foresees a raise in capacities and the building of a bioplastics plant.

For Eni (and Polimeri Europa), the new centre and partnership with Novamont opens the path to becoming a green chemistry leader. According to the two companies’ mutual press release announcing the project, “though this strategic alliance between Polimeri Europa and Novamont, Eni believes that it can become a world leader in the bioplastics sector, a 100% Italian leader, which may bring numerous advantages for Italy.”
31.05.2011 Plasteurope.com [219523-0]
Published on 31.05.2011
Polimeri Europa: JV mit Novamont für German version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 23.11.2024 06:30:38   (Ref: 170502582)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp