Versalis and Veritas Sign Agreement to Recycle Plastics in Venice

On September 5, Zhuansu Vision reported that Versalis, a chemical company under Italy’s Eni Group, signed a cooperation agreement with Veritas, the main multi-utility company in the Metropolitan City of Venice and the Province of Treviso, to jointly promote the development of the circular economy. The focus of their collaboration is on developing value-added projects for post-consumer and post-industrial plastics. The agreement was signed by Versalis CEO Adriano Alfani and Veritas General Manager Andrea Razzini.

The two parties will collaborate to analyze and screen the waste streams and secondary raw materials generated by Veritas facilities to assess their feasibility for Versalis' recycling processes.

In the Fusina area of the Marghera port industrial zone in Venice, Veritas manages the Ecodistretto integrated waste treatment center through its subsidiary. The center is an exemplary entity of industrial symbiosis, where adjacent processing facilities operate collaboratively to reduce energy consumption and emissions. The agreement aims to establish an integrated industrial supply chain locally to produce high-quality recycled plastics, with plans for new investments. The first phase will focus on recycling foam polystyrene (EPS) packaging waste commonly used in fisheries. This waste will be processed at Versalis' new plant located in the Marghera port, which has been operational since March 2025. When running at full capacity, the plant can produce 20,000 tons per year, utilizing post-consumer EPS waste to manufacture crystal polystyrene (r-GPPS) and expandable polystyrene (r-EPS). The Marghera port plant is the first project in the transformation of the Venice petrochemical hub and is part of a broader transformation and restart plan signed by Versalis with the Italian Ministry of Enterprises and Made in Italy.

Adriano Alfani, CEO of Versalis, stated: “Through this agreement, we are strengthening our commitment to advancing plastic recycling at the Port of Marghera with our strategic partner Veritas, fully leveraging the industrial and technological expertise of both parties.”

Andrea Razzini, General Manager of Veritas, pointed out: "To achieve effective urban waste recycling, it is necessary not only for citizens to actively participate in proper waste sorting, but also to have facilities capable of converting waste into raw materials through sorting and recycling. This agreement translates these requirements into concrete actions, generating a positive environmental impact for the city of Venice and its metropolitan area."