NextChem acquires stake in MyRemono

NextChem has acquired a 51% stake in MyRemono, a newly established company to which Biorenova transferred patents, assets, including a demonstration plant and contracts related to CatC, an innovative plastic catalytic depolymerisation technology.
CatC is a continuous chemical recycling process to recover monomers with ultra-high levels of purity from sorted plastic waste, particularly polymethylmethacrylate.
CatC technology’s first demonstration plant, with a processing capacity of approximately 1,600 tons of plastic waste per year, is operating in the Abruzzo region in Italy and monomer samples have been fully validated by perspective off-takers.
The results achieved show that CatC provides a cost-effective, efficient (approximately 95% conversion rate) and competitive alternative to other existing depolymerisation technologies.
MyRemono will build the first industrial plant with a processing capacity of up to approximately 5,000 tons per year, which is expected to start operations in the second half of 2025, when the commercial activities related to licensing, process engineering and critical equipment supply will also be launched.
Additionally, MyRemono intends to expand the application of CatC to other value-added plastics, including the depolymerisation of polystyrene, a widely used plastic with numerous industrial applications from food packaging to electronics and automotive, among others.
A further optimisation of the technology could allow to address the even larger polyolefins market.