Itaconix uses a proprietary polymerization process to turn naturally-occurring itaconic acid, obtained from sugars through fermentation, into polymers. The two firms will now explore opportunities to apply this technology in the development and commercialization of bio-based polymers for novel applications.

'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 with Itaconix 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.

Akzo Nobel NV published this content on 27 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 January 2017 10:04:05 UTC.

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