Italmatch Chemicals on Tuesday announced that it has acquired Eco Inhibitors, a technology start – up company based in Norway that has developed chemical solutions to produce a new generation of environmentally friendly hydrate inhibitors.
Investing in such highly innovative technologies enables Italmatch Chemicals to further consolidate its focus on R&D and sustainability, expanding and refining the current production range, as well as reaching new market targets for high added value. Through its Advanced Water Solutions business unit, which has established a global sales & marketing network for Oil&Gas applications, Italmatch Chemicals will manufacture and market three classes of Low-Dosage Hydrate Inhibitors (LDHIs) to optimize flow assurance strategies for deep-water production of Oil&Gas.
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 to the market 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 the cutting edge technology that we are going to industrialize.”
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. “
Italmatch Chemicals is a leading global specialty chemicals group focused on the production and marketing of water & process, oil & gas, industrial lubricants and plastics performance additives.
