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06-08-2011

Eni / Novamont: Joint Venture for Green Chemistry

Yesterday Eni and Novamont Spa signed a joint venture that, under the banner of Green Chemistry, will relaunch one of the key areas of research and innovation of the Italian economy. The NewCo’s mission will consist in designing, building and managing a new Green Centre at the Porto Torres petrochemical plant owned by Polimeri Europa/Syndial (Eni).

Under the agreement, Novamont technologies and renewable raw materials will be used to build new production facilities for bio monomers, bio lubricants, bio fillers, bio intermediates/additives for elastomers and bioplastics. It will be the world’s first biorefinery integrated into the local area.

Eni (through Polimeri Europa) and Novamont, via the NewCo, plan to build new EUR 500 million facilities at the "Porto Torres Green Centre". Novamont’s contribution to the NewCo will be to provide its proprietary technologies for the design, building and operation of the new facilities. Eni will provide the site, the infrastructures and skilled labour. On the development side, it will bring its vast industrial experience and its technical, engineering and commercial skills and expertise.

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