NOVARA and TERNI, Italy, Oct. 16,
2019 /PRNewswire/ -- In October
2016, on the occasion of the last edition of K, the no. 1
fair for the plastics and rubber industry, Novamont had announced
the development of a proprietary technology for the production of
hydroxymethylfurfural acid, furandicarboxylic acid and a series of
polymers for captive use.
Backing up its words with action, Novamont has now announced a
10 million-euro investment programme,
as part of the expansion and diversification of its production
plant in Terni, for the construction of a demonstration plant
dedicated to a new monomer of vegetable origin derived from sugars
(2.5 furandicarboxylic or FDCA).
FDCA is a platform for multiple applications and Novamont will
use it as a raw material for the synthesis of polyesters and
biodegradable and compostable biomaterials. This will enable the
production of fifth-generation MATER-BI as well as a series of
products with oxygen and carbon dioxide barrier properties for the
food packaging sector.
In this way Novamont is continuing its process of innovation in
the bioeconomy sector by way of a new proprietary technology.
Similarly, the range of biodegradable and compostable polymers and
polymeric alloys that are to be produced, offering high performance
under actual use conditions, are also proprietary.
The investment was made possible with the support of Invitalia,
the Italian agency for inward investment and economic development
under the Ministry of the Economy, which is financing the project
with subsidies of 5.8 million euros
(5 million in a subsidised loan and an unsecured loan for the
remainder).
Upon completion of the industrialisation phase, scheduled for
the end of 2021, the Terni plant for the production of
furandicarboxylic acid will be another bioeconomy infrastructure
integrated in the local area and interconnected with the group's
other sites.
The Novamont Group is world leader in the development and
production of bioplastics and biochemicals through the integration
of chemistry, the environment and agriculture. With more than 600
employees, it registered a turnover of €238 million in 2018 and
made continuous investments in research and development activities
(5% of its turnover and more than 20% of its staff); it has a
portfolio of around 1,800 patents. The group has its headquarters
in Novara, a production facility
in Terni and research laboratories in Novara, Terni and Piana di Monte Verna (CE). The Novamont
subsidiaries are based in Bottrighe (RO), Patrica (FR) and Porto
Torres (SS). Active in Germany,
France and the United States through commercial offices
and a representative office in Brussels (Belgium). Novamont operates through own
distributors in more than 40 countries all over the world.
Novamont Press Office
Francesca De Sanctis
francesca.desanctis@novamont.com
tel.: +39 0321.699.611
cell.: +39 340.1166.426
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SOURCE Novamont