ECONOMY AND MARKET
Borealis to Acquire Rialti
Borealis , one of the world ’ s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals , fertilizers and the mechanical recycling of plastics , announces that it has signed an agreement to acquire Rialti S . p . A ., an Italian polypropylene compounder and recycler . Closing of this transaction is subject to customary regulatory approvals . Based in the area of Varese , Italy , Rialti is one of the European market leaders specialized in production of sustainable polypropylene ( PP ) compounds with a focus on mechanically recycled PP feedstock from post-industrial and post-consumer waste . With over thirty
The Rialti facotry near Varese ( Italy ) years of experience , Rialti utilizes its annual capacity of 50,000 tonnes to make injection moulding and extrusion PP compounds with applications in different industries , including automotive , appliances and construction . “ During the past decade we ’ ve made steady progress in our circularity journey . The addition of Rialti to our portfolio will expand our circular offering and strengthen our ability to serve our customers in meeting their sustainability ambitions . As such we continue reinventing essentials for sustainable living ” says Lucrèce Foufopoulos , Borealis Executive Vice President Polyolefins , Innovation & Technology and Circular Economy Solutions .
Novamont Acquisition by Versalis
Versalis – Eni ’ s chemical company and a shareholder of Novamont ( 36 %) – and Mater-Bi – a company controlled by Investitori Associati II and NB Renaissance – announce today the signing of an agreement for Versalis to acquire the remaining 64 % of Novamont ’ s shares currently held by Mater-Bi . Novamont is a leading international company in the field of chemistry from renewable sources . Next steps and the timing of closing are subject to approval by the competent authorities . Versalis is the largest Italian chemical company and leader at an international level , whose strategy hinges on its product portfolio specialization , including the chemistry from renewables . Novamont is a B Corp-certified Benefit company and a leading player in the circular bioeconomy sector , as well as a leader in the market for biodegradable and compostable bioplastics and biochemicals . Its acquisition represents a great opportunity for Versalis to accelerate its strategy through the integration of a technological platform which is both unique and complementary . This will significantly contribute to the decarbonization of Versalis ’ product portfolio . The deal will strengthen the Novamont platform by accelerating the growth of high value-added , multi-product supply chains an
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