Technological watch

Green tech provider increases stake in two compatriot firms

Green tech provider increases stake in two compatriot firmsNextChem (Rome;, part of Italian plant manufacturer Maire Tecnimont (Milan;, said its NextChem Tech unit acquired another 34% of MyReplast Industries (Bedizzole, Italy; and MyReplast (Milan) â?? 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 Techâ??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 Industriesâ?? 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 Industriesâ?? recycling business also owns production and trading units in the United Arab Emirates.
The Bedizzole-based firm also recently received government funding for a â??circular economy project to enhance process automationâ?. 
NextChemâ??s proprietary technology was chosen in 2020 by Gruppo Hera (Bologna, Italy; subsidiary Aliplast (Ospedaletto dâ??Istrana, Treviso, Italy; for a 30,000 t/y domestic recycling plant in Modena.30.04.2024 [255182-0]

Publication date: 30/04/2024


This project has been co-funded with the support of the LIFE financial instrument of the European Union [LIFE17 ENV/ES/000438] Life programme

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Last update: 2022-01-31