Last Friday European Commission gave the green light to Novamont’s purchase by Versalis. In April the Eni’s chemical company and a shareholder of Novamont (36%) and Mater-Bi – a company controlled by Investitori Associati II and NB Renaissance – signed an agreement for Versalis to acquire the remaining 64% of Novamont’s shares currently held by Mater-Bi. Novamont is a leading international company in the field of chemistry from renewable sources.
Versalis – Eni’s chemical company and a shareholder of Novamont (36%) – and Mater-Bi – a company controlled by Investitori Associati II and NB Renaissance – yesterday signed an agreement for Versalis to acquire the remaining 64% of Novamont’s shares currently held by Mater-Bi. Novamont is a leading international company in the field of chemistry from renewable sources. Next steps and the timing of closing are subject to approval by the competent authorities.
Versalis, Eni’s chemical company and 36% shareholder of Novamont, and Mater-Bi, a company controlled by Investitori Associati II and NB Renaissance, shareholder of Novamont’s remaining 64%, announce exclusive negotiations to finalise the acquisition by Versalis of Novamont’s entire share package.
Eni and Milano-headquartered banking group UniCredit partnered around Open-es, an ecosystem initiative seeking to enhance cross-business collaboration and support companies in measuring and improving their ESG performance. Open-es is an alliance that joins together entrepreneurial, financial and associative networks, supporting all stakeholders on their sustainable development path through a digital and innovative platform.
Eni Sustainable Mobility and PBF Energy Inc. entered into definitive agreements to partner in a 50-50 joint venture, St. Bernard Renewables LLC (SBR), for the biorefinery currently under construction co-located with PBF’s Chalmette Refinery in Louisiana (US). Upon consummation of the transaction, which is subject to customary closing conditions, including regulatory approvals, Eni Sustainable Mobility will contribute capital totaling $835 million plus up to additional $50 million that is subject to the achievement of eventual project milestones and will provide expertise in biorefining operations, supply and marketing. PBF brings its strong industrial know-how in the United States and, as the contributor of the biorefinery, will continue to manage project execution and serve as the operator once construction is complete.
Eni completed the construction of the oilseed collection and pressing plant (agri-hub) in Makueni, Kenya, and started production of the first vegetable oil for bio-refineries. The first agri-hub will have an installed capacity of 15,000 tons with an expected production of 2,500 tons in 2022.
Versalis, the chemical division of Italian oil giant Eni, met last week in Rome with representatives of national and local trade unions to present its business plan for the next four years. According to the company, more than 1.1 billion euros have been spent in the last four years and the plan is to continue with investments focused on four strategic areas: specialization, circularity, chemistry from renewables and efficiency.
Versalis, Eni’s chemical company, has begun the production of bioethanol from lignocellulosic biomass at Crescentino (Vercelli, North-western Italy). The plant, which was acquired in 2018, has been overhauled thanks to major investments and has started the production of advanced bioethanol, in compliance with the European legislation for the development of renewable energy RED II, as it is derived from raw materials that do not interfere with the food chain.
Versalis, Eni’s chemical company, and BTS Biogas, an Italian company in the building and managing sector of biogas plants, have agreed to develop and commercialise an innovative technology for the production of biogas and biomethane from residual lignocellulosic biomass.
“Another main pillar of our strategy is to drive sustainability through chemistry from renewable sources. We already operate on two technological platforms: Proesa® starting from solid biomasses and Matrìca from vegetable oils.” Adriano Alfani, CEO Versalis – the chemical division of Italian oil company ENI, talks to Il Bioeconomista.
Interview by Mario Bonaccorso
IL BIOECONOMISTA 