Polimeri Europa, Novamont to invest $700M in bio-based product complex in Italy

June 23, 2011 |

In Italy, Polimeri Europa and Novamont announced a new 50-50 joint venture, Matrìca, which will design, build and manage a  bio-based chemical complex in Porto Torres, at a cost of $700 million.  The complex will consist of seven new plants using oil feedstock for the production of bio-plastics, bio-lubricants and bio-additives for elastomers, and a research center.

The research center is expected to be in operations next quarter, while the plants are to be completed in the next 6 years.

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