AkzoNobel signs cooperation agreement on bio-based polymer technology with Itaconix
31 January 2017
AkzoNobel has signed a framework joint development agreement with specialty chemicals company Itaconix to explore opportunities for the production of bio-based polymers.
With this agreement, AkzoNobel will 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.
“This innovation enables the production of polymers from renewable ingredients, which fits closely with our Planet Possible sustainability agenda of doing more with less,” explained Peter Nieuwenhuizen, RD&I Director for AkzoNobel’s Specialty Chemicals business. “These bio-based polymers offer unique properties in applications essential to our everyday lives, ranging from water quality to cleaning and hygiene.”
Itaconix is a US subsidiary of Revolymer, which is also working with AkzoNobel on a marine coatings project. Kevin Matthews, CEO of Revolymer, said: “AkzoNobel 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.”
Nieuwenhuizen added that the deal is the latest example of AkzoNobel’s commitment to fostering innovation and approaching the topic in an open and collaborative way.
Earlier this month, the company launched Imagine Chemistry, an open innovation challenge aimed at start-ups and chemistry professionals to find new opportunities for innovation and sustainable growth.