USA: Commercialization of Bio-Based Polymers Akzo Nobel Signs Cooperation Agreement with Itaconix
Dutch company Akzo Nobel has signed a framework joint development agreement with specialty chemicals company Itaconix to explore opportunities for the production of bio-based polymers.
Stratham/USA — With this agreement, the gloabl paints and coatings company wants to pursue the development and commercialization of bio-based polymers. Itaconix will contribute a proprietary polymerization technology to turn Itaconic acid — obtained from sugars through fermentation — into polymers. “These bio-based polymers offer unique properties in applications essential to our everyday lives, ranging from water quality to cleaning and hygiene” explained Peter Nieuwenhuizen, RD&I Director for Akzo Nobel’s Specialty Chemicals business.
Itaconix is a US subsidiary of Revolymer, which is also working with Akzo Nobel on a marine coatings project. Kevin Matthews, CEO of Revolymer, said: “Akzo Nobel has worldwide capabilities to utilize our Itaconic acid polymers in many application areas. We believe this agreement is an important step for the further development of bio-based chemistry on a large scale.”