MOSCOW (MRC) -- Versalis, Eni's chemicals company, has joined the Circular Plastics Alliance (CPA) to actively contribute achieving the ambitious European target of using 10 million tonnes of recycled plastic in new products by 2025, said Eni on its site.
The aim of the Alliance, promoted by the European Commission, with numerous member companies and associations across the value chain, is to boost plastic recycling in Europe and at the same time develop the market for secondary raw materials.
By joining CPA, Versalis has submitted its voluntary pledges in line with its circular economy strategy that is defined by three main pillars: eco-design, recycling technologies and alternative feedstocks.
With regard to eco-design, Versalis has committed to using at least half of its packaging, for transporting products on pallets and in containers, with up to 50% of recycled material.
In the recycling and feedstock diversification areas, Versalis has committed to increasing the production capacity of Versalis Revive®, its new line of polyethylene and polystyrene products, to contain up to 70% of mechanically recycled plastic.
Furthermore, to boost the recovery and recycling of all types of plastics that cannot be mechanically treated, Versalis has pledged to develop a new chemical recycling technology to transform mixed plastic waste into raw material to manufacture new virgin polymers, identical to those originating from fossil sources and suitable for all applications, including those that require high quality and performance, like food packaging.
Versalis’ pledges also include assessments conducted by certified life cycle analysis (LCA) to prove the effective sustainability of all the initiatives undertaken, in addition to raising awareness of the responsible use of plastics in daily activities amongst its employees.
As MRC reported earlier, Versalis is embarking on a wide-reaching transformation that could see its sales of intermediates and plastics drop from around 5 million metric tons/year (MMt/y) currently to 4 MMt/y by 2035 and to about 3 MMt/y by 2050.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 215,390 tonnes in the first month of 2020, up by 23% year on year. Shipments of all grades of high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) increased due to higher capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 127,240 tonnes in January 2020, up by 33% year on year. ZapSibNeftekhim's homopolymer PP accounted for the main increase in shipments.
Versalis is a petrochemical company, a 100% subsidiary of the Italian oil and gas company Eni SpA. The company produces a wide range of petrochemical products, and is also one of the world's leading elastomer companies.
Eni spa (Ente Nazionale Idrocarburi) is an Italian oil and gas company headquartered in Rome. Eni operates in 70 countries.