# NextChem to acquire 51% stake in Biorenova's CatC chemical recycling technology

Maire Tecnimont's subsidiary NextChem signed an agreement to acquire a 51% stake in a new company that will own Biorenova's CatC continuous chemical recycling technology for recovering monomers from plastic waste. The deal is expected to close by 30 April 2023.

- Type: Acquisition
- Announced: 2023-02-06
- Where: Abruzzo region, Italy
- Status: announced
- Products: CatC continuous chemical recycling technology, monomers from plastic waste
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [NextChem](https://endata.com/companies/54665.md)
- [Maire Tecnimont](https://endata.com/companies/8164.md) (partner)
- [Biorenova](https://endata.com/companies/68350.md) (target)

## Sources

- [groupmaire.com](https://www.groupmaire.com/en/newsroom/press-releases/detail/maire-tecnimont-through-nextchem-expands-its-circular-economy-portfolio-by-acquiring-control-of-catc-a-plastic-catalytic-depolymerization-technology/), 2023-02-05: "NextChem will hold a 51% stake of a new company (NewCo) which will own the CatC technology."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.