19 Januar 2011

Bioplastics Leader Forms North American Company

Novamont’s strategic development plan constitutes a major step for the composting industry

Novamont S.p.A, a worldwide leader in bioplastics and compostable materials, expands its presence in North America with a new company Novamont North America, Inc. headquartered in Danbury, Connecticut.

Novamont is an international company based in Italy, with operations across Europe, Asia, Australia and the Americas. Novamont has strongly contributed to the development of the composting industry in North America, including the formation of the Biodegradable Products Institute (BPI). “The North American composting market has grown significantly in the past decade, and is now ready to make a big step forward due to higher environmental sensitivity, and increased attention on the economics of waste diversion,” says Tony Gioffre, President of Novamont North America. Gioffre is the former President of BPI, and remains active as a BPI board member.

Novamont considers North America to be a strategic area of development and will make significant investments to expand its presence at all levels. The company’s objective is to build an integrated system of agriculture, industry and environment, applying its innovative chemical technologies, fostering a model of truly Sustainable Development. This concept involves as a prospective a biorefinery integrated in the North American territory, and full support of Novamont’s network of partners and stakeholders.

“Our company contributes to improve the environment through the use of low-impact plastics made from renewable resources of agricultural origin, while minimizing the production of post-consumer waste through composting, anaerobic digestion and other forms of biodegradation” explains Gioffre. “We will market our main product family, Mater-Bi, a compostable and biodegradable family of bioplastics containing renewable resources.

The formation of a legal American entity is a major step in Novamont’s strategic development plan in this area of the world, and constitutes a step forward for the composting industry in North America.

Source: Novamont S.p.A, press release, 2011-01-19.

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