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06-27-2011

Polimeri Europa and Novamont to Build Bio-Based Chemical Complex

Polimeri Europa – the biggest Italian chemical company, a subsidiary of Eni – and Novamont – a global market leader in biodegradable plastics – announced plans to build an innovative bio-based chemical complex in Porto Torres (Sardinia, Italy). With a total investment of EUR 500 million, the project consists of seven new plants – an integrated production chain from vegetable oil to bio plastics – to be completed within the next six years, and a research center devoted to bio-chemistry that will be operative in the next quarter.

Matrìca, the fifty-fifty joint venture set up by Polimeri Europa and Novamont will execute the bio-based chemical complex, where the basic engineering of the first phase has already been completed. Eni also plans to invest an additional EUR 250 million in a biomass power station to provide the electric power.

Polimeri Europa will convert the Porto Torres production from traditional fossil into bio-based productions: all the traditional chemical plants at the site with the exception of nitrilic rubbers NBR will be shut down, creating an available skilled workforce and facilities for the new project.

The bio-based chemical complex will be one of the most important in the sector at a global level – due to its innovative integrated production chain, its size and the massive overall installed capacity of 350 kt/a of bio-products.

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