Versalis and Novamont announced that they are boosting their partnership in the ecological transition of green chemistry through building on what has been accomplished and exploring new opportunities, Eni declared in a press release.
According to the statement, the two companies will cooperate through their joint venture (JV) “Matrìca” which was established in 2011. The two partners are aiming to enhance their JV’s technology and production assets to develop its products.
Moreover, under the agreement, Versalis will adjust its stake in Novamont to become 35% instead of 25%. Also, the ownership structure of Novamont will be as follows Mater-Bi (held by NB Renaissance, Investitori Associati, and other private investors) 65%, Versalis 35%.
In this regard, Adriano Alfani, CEO of Versalis commented: “The development of chemistry from renewables, of which the Matrica JV represents an important example, is one of the pillars of Versalis’ strategy, in line with the energy transition strategy that Eni is pursuing. 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 strengthening of the partnership between Versalis and Novamont combines the great technical and market skills of the two companies, and will accelerate the development of technologies, supply chains and improve competitiveness”.
Catia Bastioli, CEO of Novamont, commented: “[…] This agreement strengthens the synergies between Novamont and Versalis in green chemistry, leveraging on what has been achieved so far to maximize opportunities. The JV Matrìca 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. 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”.
