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07-30-2012

Partnership for Bio-Based Butadiene

Versalis, Eni’s chemicals subsidiary company in the production of elastomers, together with Genomatica, developer of process technology for renewable chemicals, and Novamont, a company for biodegradable plastics and third generation integrated biorefineries, signed a Memorandum of Understanding to establish a strategic partnership to enable production of butadiene from renewable feedstocks.

The partnership, on the basis of which a joint venture will be established, will develop a comprehensive “end-to-end” process for production of polymer-grade butadiene from biomass. Versalis will hold a majority interest in the joint venture holding company and aims to be the first to build commercial plants using the process technology upon project success.

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