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 commercialisation of bio-based polymers. Itaconix will contribute a proprietary polymerisation 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 utilise 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.
AkzoNobel creates everyday essentials to make people’s lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier.
Headquartered in Amsterdam, the Netherlands, we have approximately 45,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energising cities and communities while creating a protected, colorful world where life is improved by what we do.