Innovative partnership could transform what happens to common waste: 'We will give new life' [Yahoo! Finance]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Large-scale cable company Prysmian and chemical firm Versalis, a subsidiary of the energy giant Eni, have agreed to give new life to plastic cable scrap through a brand-new chemical recycling process. In this partnership, Prysmian will collect plastic waste from its own production as well as decommissioned cables. Versalis will use its Hoop technology at its Mantua plant to transform the scrap from a pyrolysis oil into a new material for plastic polymers. These polymers will be used by Prysmian to produce new, high-performance cables. "Thanks to this agreement, we will give new life to old scrap," said Srinivas Siripurapu, chief sustainability, innovation and R&D officer at Prysmian, in a statement . "This step forward is another strong signal of our continued focus on finding new sustainable solutions for our customers and the planet, as we help to reduce the environmental impact of our supply chain and reduce emissions." This partnership stands out for its real impact on redu
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