NEXTCHEM
Green tech provider increases stake in two compatriot firms
NextChem (Rome; www.nextchem.it), part of Italian plant manufacturer Maire Tecnimont (Milan; www.mairetecnimont.com), said its NextChem Tech unit acquired another 34% of MyReplast Industries (Bedizzole, Italy; www.myreplastindustries.it) and MyReplast (Milan) – the former operates a production plant for recycled and compounded polymers, while the latter owns the patented NX Replast technology.
 NextChem now has a larger share of MyReplast Industries, which has a plant in Bedizzole producing high-purity polymers using the NX Replast tech (Photo: Maire Tecnimont) |
The share purchase raises NextChem Tech’s stake in the companies to 85%; a local entrepreneur holds the remaining 15%. The buyer said the investment amounts to around EUR 8.9 mn, with EUR 5.1 mn payable upon closing and EUR 3.8 mn payable annually until the end of 2027.
Related: NextChem buys 51% stake in plastics recycler MyRemono
NextChem invested in MyReplast Industries’ mechanical plastics recycling plant in Bedizzole in 2019. According to the company, the facility produces 40,000 t/y of high-purity recycled polymers using the NX Replast technology. MyReplast Industries’ recycling business also owns production and trading units in the United Arab Emirates.
The Bedizzole-based firm also recently received government funding for a “circular economy project to enhance process automation”.
NextChem’s proprietary technology was chosen in 2020 by Gruppo Hera (Bologna, Italy; www.gruppohera.it) subsidiary Aliplast (Ospedaletto d’Istrana, Treviso, Italy; www.aliplastspa.com) for a 30,000 t/y domestic recycling plant in Modena.
30.04.2024 Plasteurope.com [255182-0]
Published on 30.04.2024