NEXTCHEM
Italian group buys 51% stake in plastics recycler MyRemono
A subsidiary of Italian plant manufacturer Maire Tecnimont (Milan; www.mairetecnimont.com) has bought a majority stake in a new company, MyRemono, which is to produce high quality recycled plastics using CatC chemical reprocessing technology.
 The CatC technology recovers monomers with high levels of purity from sorted plastic waste (Photo: NextChem) |
Maire Tecnimont’s NextChem (Rome; www.nextchem.it) paid EUR 6.2 mn for the 51% stake. EUR 4.12 mn has been paid upfront, with the balance payable within 36 months, depending on meeting performance criteria.
Related: Italian plant manufacturer acquires competitor Conser
Following successful trials at a CatC demonstration plant, MyRemono plans to build an inaugural first industrial facility with a processing capacity of up to 5,000 t/y. This is expected to start operations in the second half of 2025.
CatC is a continuous chemical recycling process that recovers monomers with ultra-high levels of purity from sorted plastic waste, particularly PMMA.
Related: Italian plant manufacturer acquires competitor Conser
Following successful trials at a CatC demonstration plant, MyRemono plans to build an inaugural first industrial facility with a processing capacity of up to 5,000 t/y. This is expected to start operations in the second half of 2025.
CatC is a continuous chemical recycling process that recovers monomers with ultra-high levels of purity from sorted plastic waste, particularly PMMA.
15.05.2023 Plasteurope.com [252751-0]
Published on 15.05.2023