June 1, 2011

Eni-Novamont builds biorefinery in Italy

The blog just recently mentioned Italy as a growing hotspot for bioplastic investments and less than a day after that, Italian bioplastic producer Novamont announced that it has partnered with Eni subsidiary Polimeri Europa for a joint venture, which will build and manage a EUR500m ($704m) biorefinery at the Porto Torres petrochemical facility in Italy.

Novamont already mentioned late last year its plans to expand its bioplastic production capacity from 80,000 tonnes/year to 150,000 tonnes/year. This latest announcement will not only include a new bioplastic plant but also facilities to produce bio-monomers, bio-lubricants and bio-intermediates/additives as well as bio-fillers for elastomers. The companies did not disclose how much capacity the new bioplastic plant and the overall biorefinery will have. They also did not mention any timeframe for the biorefinery projects.

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