OK
The Universal Selection Source:
Coatings Ingredients
Industry News

AkzoNobel and Itaconix Conclude Bio-based Polymer Application Agreement for Coatings

Published on 2017-07-27. Author : SpecialChem

AkzoNobel’s Specialty Chemicals business has finalized the first application agreement for bio-based polymers to result from its collaboration with specialty polymers company Itaconix.

Announced earlier this year, the joint development agreement involves AkzoNobel’s Performance Additives unit developing applications for Itaconix polymers to be used in the coatings and construction industries.

AkzoNobel and Itaconix Conclude Bio-based Polymer Application Agreement

Peter Nieuwenhuizen, RD&I Director for AkzoNobel’s Specialty Chemicals business, said:

“We are pleased to be announcing the first in a series of agreements to develop these polymers for commercial use”

Nieuwenhuizen detailed the development during a presentation at the BIO World Congress on Industrial Biotechnology in Montreal.

Peter Nieuwenhuizen, RD&I Director for AkzoNobel’s Specialty Chemicals business
Peter Nieuwenhuizen, RD&I Director for AkzoNobel
He 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.”

Under the agreement, Itaconix will contribute its proprietary polymers from itaconic acid, which are obtained from sugars through fermentation.

Dr. Kevin Matthews, CEO of Itaconix, added:


“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. 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.”

Nieuwenhuizen also pointed out that the collaboration with Itaconix is another example of AkzoNobel’s approach to embracing open innovation to help find more sustainable solutions. The company recently announced the winners of its Imagine Chemistry open innovation challenge, which included start-ups working in fermentation and with bio-based raw materials.

PS: If you liked this News, you might enjoy our Coatings Industry Newsletter. All the Industry News delivered twice a week right to your inbox. Sign up here!


Source: AkzoNobel
Halcyon Group 3rd R&D Innovation Summit
Back to Top