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Biobased Chemicals
Versalis buys all of biopolymer producer Novamont
by Alex Scott
April 22, 2023
| A version of this story appeared in
Volume 101, Issue 13
Versalis, a subsidiary of Italian oil and gas company Eni, says it is in “the final stages” to acquire the 64% of shares it does not already own in Novamont, an Italian biodegradable plastics producer. Novamont has annual sales of more than $450 million, media reports state. Novamont’s products include Mater-Bi, a biodegradable plastic for applications such as coffee cups and agricultural films. Mater-Bi is made from starch, cellulose, and vegetable oil. Novamont has four production sites and four research centers.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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