Mathieu Flamini may not be much good at football any more, but the shouty, pointy Arsenal man is continuing his off-field business activities by acquiring a stake in a US chemical producer.
With a lofty goal of ending the use of fossil fuels when it comes to the manufacture of household goods such as plastics and perfumes. Flamini bought part of the US clean chemical company, Segetis.
“Climate change is the biggest issue of our time and now more than ever urgent action is required,” Flamini said in the statement.
“We founded GFBiochemicals with an ambition to find sustainable alternatives to oil-based products.”
While the exact details of the deal have not been released, this is not the only investment Segetis has received recently, picking up tens of millions in investment since it was founded in 2007.
Chief commercial officer of GFBiochemicals, Marcel van Berkel, says in a statement on their company website, “The company will continue on a development path based on both organic growth via the creation of high-value partnership with major companies, as well as the potential for further acquisitions of levulinic acid’s derivative technologies.”
With many major companies moving to a production method that uses green chemicals in their plastics in a bid to reduce their impact on the environment (as well as reduce their exposure when it comes to commodity prices which are often volatile), Flamini seems well placed for life after football.