Versalis, Eni’s chemical subsidiary, and Veritas, a leading multiservice provider in northeastern Italy, have sealed a strategic alliance to advance the advanced plastics recycling in the Venice region.. This agreement seeks to leverage the capabilities of Porto Marghera’s Ecodistretto to convert post-consumer and post-industrial plastic waste into new raw materials.
In particular, the initial focus will be on expanded polystyrene (EPS), a material widely used in packaging, especially in the fishing sector. The goal is to transform EPS waste into recycled polystyrene (r-EPS) and glass polystyrene (r-GPPS) through an advanced recycling process developed by Versalis.
Porto Marghera and advanced plastics recycling in Italy
The new Versalis plant, which will begin operations in March 2025, will have the capacity to process up to 20,000 tons of EPS waste per year. up to 20,000 tons of EPS waste per year.. This waste will be collected and pre-treated by the Veritas facility, which will provide its expertise in municipal waste management and material sorting.

The project is part of a broader plan to reconvert the Porto Marghera petrochemical site, with the institutional backing of the Ministry of Enterprise and Made in Italy. The initiative represents a firm step towards decarbonization and closing the plastics cycle, boosting a local industrial supply chain focused on sustainability.
Strategic alliance with environmental impact in Venice
According to Adriano Alfani, CEO of Versalis, this collaboration seeks to capitalize on the company’s technological expertise to promote circularity in the plastics sector. For his part, Andrea Razzini, CEO of Veritas, stressed the importance of integrating citizen participation in waste separation with industrial solutions capable of reincorporating such waste into the production system.
Both companies have agreed that the partnership will generate tangible environmental benefits in the Venice metropolitan area. The combination of technology, local infrastructure and institutional cooperation makes Porto Marghera a benchmark in the field of chemical recycling in Europe.

Source: Versalis
Photos: Eni