Business

Novamont and Iren sign circular bioeconomy agreement

Italian bioplastics company Novamont and Italian multi-utility company Iren have announced today (25 March) the signing of a three-year agreement that will see projects developed to reduce non-recyclable waste at source.

The projects under the agreement are expected to optimise the management of compostable products and packaging, which will be recycled and recovered with the organic fraction of solid municipal waste in Iren's treatment plants.

Anaerobic digestion (AD) plantThe most notable project will involve the development of a technical-economic model for the sustainable management of waste generated during organic fraction pre-treatment stages in anaerobic digestion.

This project will also focus on composting plants using optical selection technologies and maximising recycling.

A technical working unit will be set up under the agreement to handle the two-way exchange of information, knowledge and experience, with dedicated exchanges organised for organic waste fractions containing disposable compostable products coming from markets, catering businesses and large events.

The companies will also engage in the promotion of the use of compost resulting from the organic fraction recycling process, and highlight the culture of composting by joining forces with the Re Soil Foundation.

Novamont CEO Catia Bastioli said: “In line with the Green Deal, the circular bioeconomy, where soil is both the starting point and the end point, is an essential tool we can use to solve the problems of pollution and over-exploitation of resources, learning at the same time to do more with less.

“In this context, the partnership with Iren will be strategic not only to improve waste management, but above all to close the carbon cycle, regenerate soil and decarbonise the atmosphere, while experimenting new solutions in a logic of learning by doing.”

Iren Chair Renato Boero added: “The agreement signed with Novamont is a concrete example of research and innovation applied to the assets that are the Group's plants, and which are fundamental for reaching the challenging environmental sustainability and circular economy targets that Iren has built into its industrial plan for 2025.

“Innovation and attention to the circular economy are two distinctive aspects of our vision and this collaboration with Novamont, through research and experimentation on the ground, further enhances Iren's role as a strategic player in the green economy.”