Italmatch Chemicals, a speciality chemical group focused on the production and marketing of performance additives for water & process treatment, oil & gas, industrial lubricants and plastics, has announced the acquisition of Eco Inhibitors, a technology startup company based in Norway that has developed chemical solutions to produce a new generation of eco-friendly hydrate inhibitors for Oil & Gas applications.
Photo by Aleksandr Slobodianyk
The investment in such innovative technologies allows Italmatch Chemicals to further consolidate its focus on R&D and Sustainability, thus expanding and refining the current production range, as well as reaching new high added value market targets. With Eco Inhibitors technologies, Italmatch Chemicals will manufacture and commercialise, through its Advanced Water Solutions, three classes of Low-Dosage Hydrate Inhibitors (LDHIs) that allow optimisation of flow assurance strategies for Oil & Gas deep water productions.
Sergio Iorio, CEO of Italmatch Chemicals Group, stated: “In our main areas of activity, our focus on innovation is driving the development of a large and long-term pipeline thanks to internal and external contributions which lead to the discovery of new technologies for the creation of new classes of chemical products. With Eco Inhibitors' knowhow, we are proud to present products with high environmental compatibility, in particular a class of inhibitors derived from recovered salmon waste that represents a perfect example of circular economy. The first game-changing green Anti-Agglomerant is cutting edge technology that we are going to industrialise.”
Maurizio Turci, General Manager Corporate & CFO of Italmatch Chemicals Group said: “The transaction falls into Italmatch Chemicals Group’s growth strategy and global geo-coverage. From an industrial point of view, this acquisition may have a positive impact on medium/ long-term sustainability for the results of the Advanced Water Solutions Business Unit. "
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