July 20, 2026 12:18
The agreement signed last autumn between Versalis and Veritas to promote the circular economy in Porto Marghera, near Venice, is beginning to take shape. Once home to one of Europe’s largest petrochemical complexes, the site is now being converted.
The first concrete step is an agreement between Eni’s chemical company and Eco+Eco, part of the Veritas Group, covering the production and sale of recycled polyolefin- and polystyrene-based materials.
The initiative aims to divert these fractions from energy recovery.
The agreement has three main components. First, Eco+Eco will recycle expanded polystyrene waste from separate collection at its facilities in the Porto Marghera Ecodistrict before supplying the material to Versalis. This will strengthen the EPS recycling value chain by securing secondary raw materials for the Porto Marghera site and supporting feedstock continuity, quality and traceability.
Second, Eco+Eco will recycle polyolefin-based waste from separate collection, while Versalis will market the resulting recycled polymers. According to the Eni subsidiary, the initiative will help increase the availability of high-quality recycled materials for a growing range of industrial applications.
Finally, the two companies will jointly develop new mechanical recycling solutions “aimed at recovering additional feedstocks and producing high value-added recycled polymers”.
At Porto Marghera, Versalis has converted part of the petrochemical complex to mechanically recycle post-consumer styrenic- and polyolefin-based waste. It has so far started up four lines with a combined capacity of up to 20,000 tonnes per year.
Versalis blends the recovered material into products in its Revive range, which includes grades containing between 35% and 100% post-consumer recycled material for applications in building insulation and non-food packaging.
The Venice site also produces Versalis Revive EPS 3000 PM, a grade incorporating secondary raw materials from recycled food packaging, in line with the targets of the new EU Packaging and Packaging Waste Regulation (PPWR).
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