Overview
- The AGCM fined Novamont €30.36 million and parent company Eni €1.7 million for abusing a near-monopoly in compostable bags.
- The sanction represents about 11 percent of Novamont’s €265 million revenue in 2024, while Eni’s penalty is minimal against its €6.4 billion profit that year.
- Investigators found that between 2018 and 2023 Mater-Bi accounted for 52 percent of shopping bags and 70 percent of fruit and vegetable bags in Italy.
- Novamont’s exclusive supply deals bound bag producers and supermarket chains to Mater-Bi, effectively sidelining competing bioplastic producers.
- The AGCM warned that reduced competition has stifled development of alternative bioplastics and risked undermining European sustainability goals.