Bioplastics company Novamont SpA will double its production of Origo-Bi biopolyester in early 2018.
The company's executives said at a news conference that the expansion will increase Origo-Bi's annual production from 110 million pounds to 220 million pounds.
The new product will be put into use before April. Executives added that these materials will also have higher levels of renewable raw materials.
Origo-Bi can be used in Mater-Bi biodegradable plastics and compostable bioplastics produced by Novamont. These bio-polyesters are produced in a factory in Patricia, Italy. The plant was acquired by Novamont from the Mossi & Ghisolfi Group.
In 2014, Novamont acquired a majority stake in the Mater-Biopolymer division of M&G Group and acquired the remaining equity in the business in 2016. Company personnel said that with the development of new chemicals and production processes, the Patricia plant "has brought a powerful new impetus to the upstream integration of the Novamont product line."
Since 2009, Novamont has been working with M&G. M&G previously produced PET resin at the company's factory. In 2011, “Origo-Bi” began production.
The company's general manager, Catia Bastioli, said that doubling the production at the Patricia plant "is a step closer to building a bioplastics and biochemical supply chain... which will provide solutions to major environmental problems."
The main production site of Novamont's Mater-Bi is in Terni, Italy. These materials are distributed throughout the world. In 2016, the company had 600 employees and had sales of 170 million euros ($202 million).