Maire Tecnimont Group, through its subsidiary NextChem Holdings, has acquired a majority stake in Conser, a technology licensing and process engineering company based in Rome, Italy.
After the transaction is completed, NextChem Holdings will hold 83.5% of the shares of Conser, and according to the terms of the agreement, it can also choose to acquire the remaining 16.5% of the shares within the next 3 years.
Subject to customary conditions, the transaction is expected to close by April 15, 2023. Terms of the deal were not disclosed.
The transaction is a strategic one, allowing Maire
Tecnimont is able to expand into the market for bio-based technologies and products. Conse has a patented portfolio of maleic anhydride, butylene glycol and dimethyl succinate, which are essential for the production of biodegradable materials such as polybutylene succinate (PBS) and polybutylene terephthalate (PBAT). The basis for degradable plastics.
PBS and PBAT have excellent biodegradable properties, and their related more fixed markets, driven by growing demand, show a very promising future, especially in Asia, where Conser licensed several of the world’s leading companies last year More than half of the factories.
Conser’s product portfolio also includes liquid organic hydrogen carrier technology, lithium battery production expertise and bio-based (vegetable glycerin) derivative technology.
Alessandro Bernini, CEO of Maire Tecnimont Group, said: “This important step enables Maire
The Tecnimont Group expands its technology portfolio in the field of sustainable chemicals. We will combine our value proposition as a licensor and technology-driven energy service provider with new innovative solutions to support the gradual shift of the global market towards a more sustainable economy. ”
According to the latest news, Maire
Tecnimont Group also announced that NextChem has signed an agreement with Biorenova to purchase the company’s proprietary continuous chemical recycling process and promote it to an industrial level. The technology, called CatC technology, recovers high-purity monomers, especially PMMA, from sorted plastic waste.
Trials using waste PMMA have shown that the production efficiency of methyl methacrylate (MMA) is about 95% by weight of the input material, and tests carried out by the Department of Industrial and Information Engineering and Economics (DIIIE) of the University of L’Aquila have demonstrated that the produced mono The body is of high quality.
NextChem intends to scale up the production of these PMMAs, while gradually expanding their application to other value-added plastics, as the technology may also be applicable to the depolymerization of polystyrene. Polystyrene is a widely used plastic with numerous industrial applications ranging from food packaging to electronics and automobiles. Because the monomer obtained by CatC technology can be used directly without further processing. Once scaled up, CatC will provide a cost-effective and competitive alternative to other existing depolymerization techniques for PMMA.
NextChem will hold a 51% stake in a new company (NewCo) that will own the CatC technology. Biorenova will keep the remaining 49%. Subject to customary conditions, the transaction is expected to close by April 30, 2023.
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