Italy's Novamont invests 100M euros in biochemical plant

September 29, 2016 2:11 PM

1 0

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.

Also read: AT&T’s $85.4B deal for Time Warner: A new bet on synergy

Read more

To category page