The market for bioplastics used in packaging is anticipated to reach USD 16.6 billion by 2027, with a CAGR of 9.5 percent from 2013 to 2021, and is now valued at USD 10.5 billion in 2022. According to the FMI analysis, the market for bioplastics used in packaging would grow by 1.7 times its value from the base year during the course of the forecast year, creating lucrative investment prospects for the industry.
Versalis and Novamont are strengthening their partnership to reinforce synergies in the ecological transition of green chemistry, leveraging what has been built so far to maximize spin-offs and seize new opportunities. The commitment to Matrìca – the joint venture set up in 2011 between Versalis and Novamont at Porto Torres specializing in manufacturing bioproducts from renewable sources – has been reconfirmed.
Novamont, a world leader in the world bioplastics market headquartered in Novara (Italy), and Italian utility Iren signed a three-year collaboration agreement in the field of integrated waste collection systems, the aim of which is to reduce non-recyclable waste at source and fully implement the objectives of the circular bioeconomy.
The two companies have agreed to develop specific projects for the optimised management of compostable products and packaging, to be recycled and recovered together with the organic fraction of solid municipal waste in Iren’s treatment plants.
“The paradigm of the circular bioeconomy for Novamont means renerating territories, focusing on soil health and on the decarbonisation of the atmosphere”. To say it – in this interview with Il Bioeconomista – is Giulia Gregori, Strategic Planning and Corporate Communications Manager at Novamont, the company based in Novara, Italy, which is a leader in the world market of bioplastics. Gregori talks about the circular bioeconomy in the frame of the EU Green Deal and the circular economy action plan and talks also about Grace, the BBI JU demo project focused on hemp and miscanthus.
Interview by Mario Bonaccorso
Novamont, a world leader in the development and production of biochemicals and compostable bioplastics, acquired BioBag Group, a Norway-based leading supplier of low-impact solutions for waste collection and packaging. The acquisition will allow Novamont to benefit from BioBag’s highly specialised independent distribution in areas where the buyer is less present. The two companies will be able to offer a more complete solution set to the market and to create long-lasting alliances with key stakeholders such as large retailers and communities.
The Eni of Enrico Mattei, the great vision of Adriano Olivetti: in the industrial history of Italy we too often find ourselves, in retrospect, regretting the enormous opportunities lost due to the resistance to change by the “country system”. The intertwining of interests between politics, economics and finance has often played a key role in marginalizing and failing the most innovative industrial projects, those that could redesign the face of the Italian economy and society. Today we sadly pay the price and for this very reason it is important to rewrite the history of another great innovator, perhaps the only one who has not been hypocritically “beatified” after his death, and after the destruction of his project: Raul Gardini.
Novamont, Turin Polytechnic and University of Bologna launched in Rome, ReSoil Foundation, a new tool to boost a real change, starting from soil health and the key concept of territorial regeneration.
The new foundation aims at promoting activities in the fields of scientific research, technology transfer, training and dissemination, and the creation of awareness on issues related to soil health, a non-renewable resource, increasingly degraded by the anthropogenic action, pollution and climate change.
Novamont and Saes Group joined forces to develop solutions to meet the growing demand for materials with lower environmental impact and very high functional performance.
Last Wednesday Theresa May announced a statutory instrument to amend the UK Climate Change Act of 2008. The law currently prescribes an emissions cut of 80% by 2050, from a 1990 baseline. The new law will aim for net zero emissions by 2050, making the U.K. the first G7 nation to pass such legislation.
In the same day, against a backdrop of growing global awareness of the importance of environmental protection, the Embassy of Italy in London launched “Zero-Waste Embassy”, aiming to reduce significantly the environmental impact of the mission’s energy supply, waste management and consumption.
The initiative falls under the umbrella of Farnesina Verde (Green Foreign Ministry), a plan for the Italian diplomatic network worldwide, overseen by the Italian Ministry of Foreign Affairs. Continue reading
The final event of the European project FIRST2RUN will take place at the Square Convention centre in Brussels on June 20. Co-ordinated by Italian biochemical company Novamont and funded by the Bio-Based Industries Joint Undertaking under the European Union’s Horizon 2020 research and innovation programme, FIRST2RUN is a flagship project involving four companies and universities from Italy, UK and The Netherlands.