Eni’s petrochemicals arm Versalis SpA and post-consumer plastics recycling technology company Montello SpA have signed an agreement to develop a new range of polyethylene products made from recycled packaging.
Advances in consolidated technological and commercial expertise in the polyethylene industry has enabled the two companies to develop a range of products that can contain up to 70% of post-consumer recycled plastic, Eni said in a release 13 May.
The new range largely aims to meet the demands of the packaging and agricultural sectors, the release added.
Under the agreement, the two Italian companies will also study the development of new processes to create highly sustainable products which can meet the performance demands required by the market.
“At Versalis we are committed to developing tangible circular economy solutions and to do this we believe it is essential to combine the strengths and skills throughout the supply chain,” said Daniele Ferrari, CEO of Versalis.
Also commenting on the agreement, Roberto Sancinelli, chairman of Montello SpA said it displayed “a growing environmental focus and an awareness of the vital importance of recycling and returning plastic back to the initial production cycle at the end of its life.”