AkzoNobel signs joint development agreement with Itaconix
AkzoNobel’s specialty chemicals business has finalised an agreement with specialty polymers company Itaconix to jointly develop bio-based polymers.
Under the agreement, AkzoNobel’s Performance Additives unit will develop applications for Itaconix polymers to be commercially used in the coatings and construction industries.
AkzoNobel Specialty Chemicals business RD&I director Peter Nieuwenhuizen said: “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.
“In addition to applications in coatings and construction materials, bio-based polymers have the potential to be used in a range of other everyday essentials, ranging from improving water quality to cleaning and hygiene products.”
As part of its share in the joint development programme, Itaconix will offer its proprietary polymers from itaconic acid, which are obtained from sugars through fermentation.
Itaconix CEO Dr Kevin Matthews said: “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.”
Recently, AkzoNobel’s Specialty Chemicals business declared plans to increase the production capacity of organic peroxides by two times at its facility in Ningbo, China, over the next two years.
Image: AkzoNobel Specialty Chemicals business RD&I director Peter Nieuwenhuizen. Photo: courtesy of Akzo Nobel NV.