Bio-on, Italian eco-sustainable chemical company, and Gruppo Hera, one of Italy’s main multi-utility providers, have reached an agreement for the supply of clean energy thanks to the realisation and management of a new technological-energy hub that will house a newly designed trigeneration plant. The deal was signed by Bio-on S.p.A. with Hera Servizi Energia, a subsidiary of Gruppo Hera, and will guarantee clean electric energy for the new plant producing innovative biopolymers that Bio-on is currently constructing in Castel San Pietro Terme, outside Bologna (Emilia Romagna Region).
With governments committed to reducing emissions and consumers becoming more educated about where their products come from, there are opportunities for the bio-based sector to become a true contender to fossil oil. Yet long development times, lack of investment, and challenges in attaining a secure and sustainable supply chain have made it difficult for the bio-economy to achieve commercial success.
New York City announced first-in-the-nation goal to divest from fossil fuels. Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the City’s $189 Billion pension funds announced a goal to divest City funds from fossil fuel reserve owners within five years, which would make New York City the first major US pension plan to do so. In a first-in-the-nation step towards the goal of divestment, the Mayor and Comptroller will submit a joint resolution to pension fund trustees to begin analyzing ways to divest from fossil fuel owners in a responsible way that is fully consistent with fiduciary obligations. In total, the City’s five pension funds hold roughly $5 billion in the securities of over 190 fossil fuel companies. The City’s move is among the most significant divestment efforts in the world to date.
In this early 2018 it seems the main problem for Italians is the price of biodegradable bags for fruit and vegetables. Many Italians complain about the cents to buy the biodegradable bags but say nothing about toxic clouds that devastate the territory from North to South. What are we talking about for the benefit of our non-Italian readers?
IL BIOECONOMISTA 