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Joint venture

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Prime Synthetic Solutions Ltd: A New Player in Polymer

Composites supporting the Green Energy Transition
Officine Maccaferri, platform company of Ambienta SGR S.p.A. and a global leader in environmental engineering solutions, and PSS Global Ltd, today announces the launch of Prime Synthetic Solutions Ltd, a new joint venture which is set to accelerate the offshore energy, transportation, and communication infrastructure markets with innovative and sustainable polymer composite solutions. This new entity will leverage the two companies' combined expertise, engineering capabilities, and complementary technologies to deliver solutions that assist the energy sector. 

Elevating Industry Standards 
Prime Synthetic Solutions Ltd will focus on developing and providing advanced polymer composites that replace traditional metallic based solutions with polymeric solutions. By working closely with clients, the company aims to develop customized products that exceed industry standards in performance and durability. Prime Synthetic Solutions' key product offerings are ParaFil™ and ParaLoop™. 

The polymer composite products offered by Prime Synthetic Solutions Ltd are virtually maintenance-free, resistant to UV and corrosion, and unaffected by extreme environmental conditions, making them ideal for diverse applications in the offshore energy, transportation-, and communication infrastructure markets. 

“As we embark on this exciting journey with Officine Maccaferri, we are committed to delivering exceptional solutions that will shape the industry. By combining our talents and resources, we will redefine what’s possible and set new benchmarks for success,” said Steve Miller, CEO of PSS Global Ltd. 

“In a global scenario in which security and energy transition are top of mind, the innovation we will bring to the market marks a decisive step towards the future. This strategic deal is also a fitting example of our willingness to put Maccaferri's legacy, design and engineering expertise to further drive sustainability efforts,” said Lapo Vivarelli Colonna, Senior Vice President of Officine Maccaferri. 

Key Differentiators and Benefits 
ParaFil™ is a highly durable technical fiber rope system, selling globally for over 55 years. It consists of a core of closely packed, high-strength polymer fibers encased in a protective polymeric sheath, combined with a specific termination system. This structure produces ropes of immense strength, capable of meeting the requirements of even the most complex applications. ParaFil™ is available on a free-length basis or as terminated strops, built to a pre determined length ready for use. 

ParaLoop™ is the original synthetic strapping solution, designed to secure components in the most demanding environments. With its high-tenacity synthetic fibers and a durable polymeric sheath, ParaLoop™ offers immense strength and ultra-reliable performance over a long service life. These straps have been used successfully in various applications worldwide for over 40 years, demonstrating their durability and flexibility.