US EditionItaly fines oil giant Eni over bioplastic market abuse
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Italy fines oil giant Eni over bioplastic market abuse
Rome: Italy's competition watchdog said Tuesday it has fined oil giant Eni and its plastics unit Novamont some 32 million euros ($37 for abuse of a dominant market position in plastic bag production. The AGCM watchdog accuses Novamont of having contracts with plastic bag
A penalty of 32 million euros from Agcm. The company, controlled by the energy group: Surprise and regret for the decision ...
Italy fines oil giant Eni over bioplastic market abuse
Rome, June 24, 2025 The Mater-Bi and its use costs dear to Novamont. The Competition and Market Authority (AGCM) fined Novamont, and Eni controlling it, for having abused its dominant position in the compostable bags sector, and having created almost a monopoly. For Novamont the fine is 30.36 million, for Eni of 1.7 million.
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