Versalis, part of the Italian energy giant ENI, has acquired biopolymer producer Novamont, a world leader in green chemistry and founder member of the BBIA. The press release can be found here but in short both parties agree that:

“Its acquisition represents a great opportunity for Versalis to accelerate its strategy through the integration of a technological platform which is both unique and complementary. This will significantly contribute to the decarbonisation of Versalis’ product portfolio.

“The deal will strengthen the Novamont platform by accelerating the growth of high value-added, multi-product supply chains and local projects.”