Latest news with #Novamont
Reuters
9 hours ago
- Business
- Reuters
Italy regulator fines Eni and its plastics unit 32 mln euros for market abuse
MILAN, June 24 (Reuters) - Italy's antitrust authority said on Tuesday it had imposed fines exceeding 32 million euros ($37.18 million) on energy company Eni ( opens new tab and its plastics unit Novamont for abuse of a dominant market position in the production of plastic bags. Novamont, which makes bioplastics, employed practices aimed at excluding competitors in domestic markets for raw materials used to produce light and ultra-light bags for fruits and vegetables, the regulator said in a statement. It fined Eni 1.7 million euros, while Novamont faced penalties totalling 30.4 million euros for market abuse spanning from at least January 1, 2018 to December 31, 2023. Eni will issue a statement in response to the antitrust ruling, a spokesperson said. ($1 = 0.8607 euros)
Yahoo
17-03-2025
- Business
- Yahoo
Amazon's latest packaging change could shake up the industry — here's what it means for your next delivery
Amazon is taking a big step towards greener shipping processes by rolling out bio-based delivery bags in Spain. The company is testing out these new bags as part of increased efforts to reduce its reliance on plastic bags, which have detrimental environmental impacts. "Our new Amazon Fresh bio-based bags provide protection against spills and condensation," said Alan Jacobsen, the director of materials and energy science for Amazon. He went on to say that the bags "are less impactful for the planet because they are made from renewable, food-safe materials derived from plants, like corn starch and vegetable oils." The new bags, which are produced by the Italian company Novamont, offer a promising alternative to traditional plastic delivery bags. Amazon said these are durable, food-safe, and weather-resistant, and the new design does not take away from any of its usability. Traditional plastic bags are made from petroleum, also known as crude oil, just like gasoline. By using bags made of bio-based materials, the negative effects associated with these resources — namely, their role in our warming climate and environmental harm — can be avoided. These choices will ultimately benefit humans, preventing harmful microplastics from reaching water sources and protecting communities from extreme weather conditions — both of these issues are exacerbated by plastic pollution. Supporting companies that choose environmentally friendly options can demonstrate that money can be made when trying to achieve a greener future. While the rollout of bio-based delivery bags is a significant step forward, the challenges remain in implementing such sustainable changes at a company-wide scale. Statements from Amazon have been promising thus far, and the company has shown signs of continuing the production of these products. When you think about a product's packaging, which of these factors is more important to you? The way it looks The information it provides The waste it produces I don't think about packaging at all Click your choice to see results and speak your mind. "Instead of only having composting as an end-of-life solution for these materials, this new process enables biodegradable plastics to be efficiently recycled, keeping these materials in use and reducing the need for additional raw materials," said Jacobsen. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
