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Sustainable chemistry, from technological innovation to production

We are developing new technologies to achieve the full circularity of our products throughout their life cycle.

Sustainability and circularity are strategic aspects for our chemical sector, both from a research point of view and from an industrial point of view. The development of new technologies and processes that apply the principles of the circular economy, such as HoopTM, has enabled us to implement new production cycles based on material recycling, a further step in our transformation with which we intend to achieve our Net Zero goal.

 

The main initiatives in this area concern the mechanical, physical and chemical recycling of polymers and rubbers, while for our products we use secondary raw materials from recycling, or raw materials from renewable sources. For industrial packaging, on the other hand, we use circular and efficient schemes with stakeholders from the entire supply chain.

 

Moreover, thanks to the EcofiningTM technology used in our biorefineries, we produce bionaphtha by processing biogenic feedstock mainly from waste raw materials. This product of organic origin is used in the sustainable chemistry chain as a secondary raw material to obtain new polymers and therefore recycled plastics.

The circular economy applied to multiple production lines

The main lines of development in the circular chemistry of Versalis, Eni's chemical company and the largest in the sector in Italy, concern:

recycling polymers and rubbers: mechanical, physical and chemical recycling
diversification of raw materials: from recycling and renewable sources
the use of circular industrial packaging: made from recycled raw materials
the production of bioplastics and biodegradable and compostable products: from renewable resources

Key operating and financial results

Highlights Full Year 2023

1.7 mln
boe/d

daily production hydrocarbon

13.8 bln
euro

adjusted operating profit

8.3 bln
euro

adjusted net profit

9.2 bln
euro

net capital expenditure

15.1 bln
euro

net cash flow from operations

20%

leverage (Before lease liabilities ex IFRS 16)

Highlights

The new production lines in circular chemistry originate from our ongoing commitment to research and development.

23

production sites in Italy and across the world

6

Versalis Research Centres in Italy

256

patents filed

50%

recycled plastic in our "bag to bag" packaging line

Key projects in circular chemistry

Achieving full product circularity is what drives Versalis to develop technologies to mechanically, physically and chemically recycling complementary plastics and rubbers.

Alliances for circularity

We promote the reuse of plastics in the manufacture of new products and find solutions to tackle the problem of plastic waste in the sea and the loss of plastic granules in the environment.

Circular Plastics Alliance (CPA)

Promoted by the European Commission, CPA aims to contribute to the goal of heavily increasing the amount of recycled plastics in new products by 2025. By joining the CPA, companies make a commitment to strengthen the recovery and recycling of non-mechanically treatable plastics, recycle and diversify raw material, and develop and use circular packaging as much as possible.

Alliance to End Plastic Waste (AEPW)

The aim of this non-profit organisation is to combat the problem of plastic waste, especially that which pollutes the sea. The projects and collaborations it promotes cover four specific areas: infrastructure development, support for innovation, the training and involvement of governments, companies, communities and cleaning up areas with the highest concentrations of plastic waste.

Operation Clean Sweep

The aim of this voluntary international programme is to prevent the loss of plastic granules into the environment throughout the entire value chain, to achieve zero pellet loss (ZPL). Operation Clean Sweep is promoted in Europe by Plastics Europe with the aim of overcoming the problem of microplastic pollution in the seas.

Alliances for circularity

We promote the reuse of plastics in the manufacture of new products and find solutions to tackle the problem of plastic waste in the sea and the loss of plastic granules in the environment.

Circular Plastics Alliance (CPA)

Promoted by the European Commission, CPA aims to contribute to the goal of heavily increasing the amount of recycled plastics in new products by 2025. By joining the CPA, companies make a commitment to strengthen the recovery and recycling of non-mechanically treatable plastics, recycle and diversify raw material, and develop and use circular packaging as much as possible.

Alliance to End Plastic Waste (AEPW)

The aim of this non-profit organisation is to combat the problem of plastic waste, especially that which pollutes the sea. The projects and collaborations it promotes cover four specific areas: infrastructure development, support for innovation, the training and involvement of governments, companies, communities and cleaning up areas with the highest concentrations of plastic waste.

Operation Clean Sweep

The aim of this voluntary international programme is to prevent the loss of plastic granules into the environment throughout the entire value chain, to achieve zero pellet loss (ZPL). Operation Clean Sweep is promoted in Europe by Plastics Europe with the aim of overcoming the problem of microplastic pollution in the seas.

Sustainable B2B

Our integrated model for the decarbonization of small, medium and large companies with ad hoc solutions.

cover brochure eni b2b


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