Italy's Novamont invests 100M euros in biochemical plant

September 29, 2016 2:11 PM

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MILAN – The Italian biochemical company Novamont has opened the first plant in the world to make a chemical compound used in the production of plastics with renewable sources.

Novamont CEO Catia Bastioli said Thursday the company has invested 100 million euros ($112 million) to convert an abandoned plant near Rovigo in Italy's Po River delta to start industrial production of the chemical compound, bio-butanediol.

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