Since 2011, when Versalis and Novamont launched Matrìca, the joint venture in at Porto Torres specialising in manufacturing bioproducts from renewable sources, the two companies have continue to cooperate to reinforce synergies in the green chemistry space.
They have now further cemented these ties, amongst others by redefining their original shareholder agreements. Versalis, which held a 25% stake in Novamont, will increase its holding in the company to 35%. The reorganisation will yield an ownership structure of Novamont that will give Mater-Bi (held by NB Renaissance, Investitori Associati and other private investors) 65% of the shares and Versalis 35%.
The Matrica JV represents an important example of chemistry based on renewables - one of the pillars of Versalis’ strategy - noted Adriano Alfani, CEO of Versalis.
“This agreement with Novamont is founded in the belief that Italy can play a key role at an international level in the field of chemistry from renewables and the circular bioeconomy.”
The agreement moreover strengthens the synergies between Novamont and Versalis in green chemistry, leveraging what has been achieved so far to maximise opportunities.
“The Matrìca joint venture today represents a chemical platform from renewable sources at an industrial level, with unique plants and products through which will be possible to develop technologies, products and projects in the agricultural, energy and bioproduct sectors,” said Catia Bastioli, CEO of Novamont.
“This is particularly relevant at a moment in which Italy is looking to accelerate the energy transition by leveraging sectors in which it can take a leading position.”