Versalis and Novamont strengthen green chemistry partnership

In Italy, Versalis and Novamont are strengthening their partnership to reinforce synergies in the ecological transition of green chemistry, leveraging what has been built so far to maximize spin-offs and seize new opportunities.

The commitment to Matrìca – the joint venture set up in 2011 between Versalis and Novamont at Porto Torres 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%.