NextChem Revenue, Valuation, Funding & Investors

NextChem is valued at $1.4B as of November 2024, a 2.5x multiple on its last reported $569M revenue.

Last NextChem valuation

$1.4B

Secondary · Nov 2024

NextChem revenue

$569M

Secondary · Nov 2024

Key investors in NextChem

  • Yousef Al Nowais

NextChem Overview

About NextChem

NextChem is a Milan-headquartered engineering subsidiary of Maire Tecnimont focused on green chemistry and sustainable processes. The division designs plants for hydrogen production, methanol synthesis from CO2, and waste-to-chemicals conversion. Active in energy transition projects across Europe and the Middle East, NextChem deploys technologies for decarbonization and circular economy initiatives.


Founded

2018

HQ

ItalyVenice

Status

Privately held

Customer focus

B2B

Revenue model

Services

Revenue

$569M (Nov 2024)

Valuation

$1.4B (Nov 2024)

NextChem Valuation

NextChem is currently valued at $1.4B, based on its secondary sale in November 2024.

The $66M round was led by Yousef Al Nowais.

NextChem valuation by funding round

NextChem valuation by funding round
DateStageValuationRevenue Multiple
Nov 2024Secondary$1.4B2.5x

NextChem Revenue

NextChem's latest recorded revenue is $569M, as of its secondary sale in November 2024. At a $1.4B valuation, that implies a 2.5x revenue multiple.

NextChem revenue by funding round

NextChem revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2024$569M$1.4B2.5xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

NextChem Funding History

NextChem has 1 recorded secondary share sale and no primary funding rounds.

NextChem funding rounds

NextChem funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2024SecondaryYousef Al Nowais (lead)$66M$1.4BNextChem is the sustainable technology solutions subsidiary of Italian engineering group Maire Tecnimont, providing technology solutions for companies engaged in energy transition and decarbonization. On November 14, 2024, Abu Dhabi-based entrepreneur Yousef Al Nowais acquired a 5% stake in NextChem for €62.5 million (approximately $66 million). This transaction valued NextChem at an equity value of €1.25 billion, with an enterprise value of approximately €1.3 billion. Al Nowais purchased the stake from Maire Investments (MI), reducing MI's holding to 12.9% while Maire retained an 82.1% stake in its subsidiary. Al Nowais, who holds a 4.73% stake in Maire's parent company and serves as CEO of Arab Development Establishment (ARDECO), a UAE-based group specializing in gas and petrochemicals, brings over 20 years of commercial relations with the Maire Group and strategic experience in the Gulf Cooperation Council region. The investment is intended to support NextChem's expansion in the Middle East, a region critical to the global energy transition where Maire has secured major contracts, including an $8.7 billion order from the Abu Dhabi National Oil Company announced in October 2023 for the Hail and Ghasha Gas Project.

Who has invested in NextChem?

1 investor has backed NextChem across its funding rounds, including Yousef Al Nowais.

Lead investors include Yousef Al Nowais.


NextChem Investors

Investors in NextChem by funding rounds participated
InvestorRoundsRoleFirst check

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Acquisitions by NextChem

NextChem has acquired 1 company to date.

Last acquisition by NextChem was on March 4th 2024. NextChem acquired GasConTec for $32M.


Latest Acquisitions by NextChem

GasConTec
Description
GasConTec is a Dutch firm specializing in engineering for gas-to-liquids conversion projects producing hydrogen, ammonia, methanol, and dimethyl ether. Based in Eindhoven, the company delivers feasibility studies, process design, licensing of proprietary technologies, and permitting support for plants in Europe and the Middle East. Founded in 2008, GasConTec collaborates with clients on small-scale syngas modules and large-scale methanol facilities using renewable feedstocks.
HQ CountryGermany
HQ City
Bad Homburg
Deal Date4 Mar 2024
Valuation$32M
EV/Revenue
EV/EBITDA

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NextChem Competitors

NextChem competitors include listed companies like Hydrograph Clean Power and Borregaard, and private ones like Solugen, EnergyX, 1Komma5° and Nexii.

Public and private companies comparable to NextChem
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SolugenUnited StatesHouston, TXPrivate$12M-$2B-
EnergyXUnited StatesFort Lauderdale, FLPrivate--$475M-
1Komma5°GermanyGermanyPrivate$598M-$1.4B-
Hydrograph Clean PowerCanadaCanadaPublicly listed$43K($8M)$1.4B-
BorregaardNorwayNorwayPublicly listed$807M$169M$1.6B2.2x
NexiiCanadaVancouverPrivate--$1.6B-

NextChem Public Comps

NextChem is still privately-owned, but its public comps include Stepan, Longshine Technology, CropEnergies, CVR Partners, Anupam Rasayan India, CAC Nantong Chemical Co, Elkem, Hydrograph Clean Power, Lanxess and Boubyan Petrochemical.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Stepan$2.3B$208M0.9x0.8x9.7x9.0x
Longshine Technology$674M$24M2.0x1.8x55.0x32.5x
CropEnergies$5M($41M)270.8x1.1x(35.0x)12.2x
CVR Partners$606M$211M3.1x3.1x8.9x-
Anupam Rasayan India$242M$55M7.0x6.9x31.1x28.8x
CAC Nantong Chemical Co$801M$154M2.1x2.1x11.0x-
Elkem$1.8B$216M1.2x1.0x9.6x8.7x
Hydrograph Clean Power$43K($8M)30584.1x-(167.9x)-

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Common questions about NextChem

When was NextChem founded?NextChem was founded in 2018.
Where is NextChem headquartered?NextChem is headquartered in Venice, Italy.
Is NextChem publicly listed?No, NextChem is a private, VC-backed company.
What is NextChem's valuation?NextChem was last valued at $1.4B in its secondary sale in November 2024.
Who are NextChem's investors?NextChem's investors include Yousef Al Nowais.
What is NextChem's revenue?NextChem's latest recorded revenue is $569M (November 2024).
What is NextChem's revenue multiple?NextChem's latest valuation implies a 2.5x revenue multiple ($1.4B valuation on $569M of revenue).
Which companies are comparable to NextChem?Companies comparable to NextChem include Solugen, EnergyX, 1Komma5°, Hydrograph Clean Power, Borregaard and Nexii.
How many companies has NextChem acquired?NextChem has acquired 1 company, including GasConTec.
What was the largest acquisition by NextChem?The $32M acquisition of GasConTec in March 2024 is the largest acquisition NextChem has made to date.

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