Polimeri Europa and Novamont announced plans for a new chemical plant that will utilize vegetable oil feedstock for the production of bioplastics, biolubricants, and bioadditives for elastomers. The bio-based chemical complex will be located on the island of Sardinia in Porto Torres, with a total estimated investment cost of half a billion euros ($700 million). The project consists of seven new plants spanning an integrated production chain from vegetable oil to bioplastics. The full project is scheduled to be completed within the next six years, but a new research center devoted to bio-chemistry will start up in the third quarter.
Called Matrìca, which means mother in the Gallurese dialect of Sardinia, the 50:50 joint venture set up by Polimeri Europa and Novamont, has already completed basic engineering of the first phase, which will feature the bio-based chemical complex. Italian energy company Eni also plans to invest an additional Euro 250 million in a biomass power station to provide electricity. The overall installed capacity of so-called bio-products will be 350,000 tonnes/yr....