31. Mar 2022

Versalis and Novamont strengthen green chemistry partnership

The commitment to Matrìca – the joint venture set up in 2011 between Versalis (San Donato Milanese, Italy) and Novamont (Novara, Italy) at Porto Torres (Italy) specializing in manufacturing bioproducts from renewable sources – has been reconfirmed.

The aim is to enhance the company’s technology and production assets in order to fully develop its products, also within supply chains integrated with the two partners, by focusing on growth in the previously referenced markets.

Shareholder agreements have also been redefined: Versalis will increase its stake in Novamont from 25 % to 35 %. At the end of the reorganization, the ownership structure of Novamont will be configured as follows: Mater-Bi (held by NB Renaissance, Investitori Associati and other private investors) 65 %, Versalis 35 %.

“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”, said Adriano Alfani, CEO of Versalis.

Catia Bastioli, CEO of Novamont, further commented, “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”.


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