Versalis and Veritas accelerate post-consumer plastic recycling in Italy
Versalis and Veritas have signed an agreement to implement joint initiatives to valorize post-consumer and post-industrial plastic. The two companies are working together to select and analyze waste streams. Jointly, they will assess if the secondary raw materials from Veritas’ facilities are suitable for Versalis’ recycling processes.
Veritas’ subsidiaries manage waste at the Porto Marghera’s industrial area in Fusina, a neighborhood of metropolitan Venice, Italy. This integrated waste treatment hub is said to exemplify industrial synergy, as it is located close to treatment plants that work together to reduce energy consumption and emissions.
“With this agreement, we strengthen our commitment in Porto Marghera to advancing plastics circularity, leveraging the industrial and technological expertise of Versalis and of Veritas, our strategic partner,” says Adriano Alfani, CEO at Versalis.
Andrea Razzini, general manager at Veritas, adds: “To achieve effective recycling of urban waste, we need both the active participation of citizens in proper waste separation, as well as sorting and recycling facilities capable of turning waste back into raw material.”
“This agreement transforms those requirements into concrete actions, with a positive environmental impact on the City of Venice and the metropolitan area.”
Local integrated supply chain
Versalis and Veritas aim to develop a locally integrated industrial supply chain to produce high-quality recycled plastics and to utilize new investments.
The companies highlight their focus on recycling expanded PS (EPS) waste, such as boxes used in the fishing sector. Such materials can be processed at Versalis’ plant in Porto Marghera, operational since March.
When working at full capacity, the facility is expected to produce up to 20,000 metric tons of crystal PS and expandable PS annually from secondary raw materials from post-consumer EPS waste.
The Porto Marghera plant is described as a step in converting and transforming the Venice petrochemical site, part of the relaunch plan for Versalis.
