AkzoNobel Strikes Bio-Based Polymers Deal

FRIDAY, JULY 28, 2017


Global coatings manufacturer AkzoNobel (Amsterdam) and specialty polymers company Itaconix Corporation (Stratham, New Hampshire) announced this week they have finalized an agreement to work together to incorporate bio-based polymers into coatings.

Peter Nieuwenhuizen, RD&I Director for AkzoNobel’s Specialty Chemicals business announced the development during a presentation at the BIO World Congress on Industrial Biotechnology, in Montreal.

“Being able to incorporate polymers made from renewable bio-based raw materials will give a significant sustainability advantage for our customers and also fits closely with our own Planet Possible sustainability agenda of doing more with less,” he said.

From Sugar to Paint

The agreement involves AkzoNobel's Performance Additives unit developing applications for Itaconix polymers to be used in industries such as coatings and construction.

Itaconix will be providing its proprietary polymers from itaconic acid, which are obtained from sugars through fermentation.

“This is the first commercial step in our joint development agreement to collaborate on delivering valuable solutions to AkzoNobel customers with the novel performance of our polymers,” added Kevin Matthews, CEO of Itaconix.

“We are excited to further strengthen our relationship with AkzoNobel and look forward to combining their deep application knowledge with our unique chemistries to build key product positions in these large and important markets.”

   

Tagged categories: AkzoNobel; AS; Asia Pacific; Bio-based materials; Business matters; Coating chemistry; Coating Materials; EMEA (Europe, Middle East and Africa); EU; Latin America; NA; North America; Polymers; SA

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