Itaconix PLC Bio-based chelates for the detergents industry (8401P)
September 05 2017 - 4:04AM
UK Regulatory
TIDMITX
RNS Number : 8401P
Itaconix PLC
05 September 2017
5 September 2017
Itaconix plc ("Itaconix" or the "Company")
Itaconix and AkzoNobel to develop bio-based chelates for the
detergents industry
Itaconix is pleased to announce that it has signed an
application agreement with AkzoNobel's Specialty Chemicals business
to evaluate and develop innovative bio-based chelates for use in
the consumer and industrial detergents and cleaners markets.
This is the second partnership stemming from a joint development
agreement signed by the companies earlier this year to develop and
commercialize sustainable products made from renewable feedstocks
using Itaconix technology. Products from this collaboration will be
marketed under AkzoNobel's Dissolvine(R) brand.
"Bio-based chelates show promise for use in laundry detergents,
bathroom cleaners and other consumer and commercial cleaning
products," said Peter Kuijpers, General Manager Chelates and
Micronutrients at AkzoNobel. "They are replacements for phosphates,
which are being phased out due to environmental concerns."
John R. Shaw, President of Itaconix US and Global Homecare
added: "Our success to date in North America and Europe
demonstrates the breakthrough potential for our novel bio-based
polymer technology in everyday homecare products. We are excited to
work with AkzoNobel, a world leader in chelates, to maximize the
commercial potential of these products."
"This is the latest example in a series of agreements to expand
the use of Itaconix polymers," said Annika Karlsson, RD&I
Director in Specialty Chemicals at AkzoNobel, responsible amongst
others for chelates and micronutrients. "Being able to use
renewable polymers like these presents a significant sustainability
advantage for our customers and will help us to grow our
business."
Ends
For further information please contact:
+44 (0) 1244 283
Itaconix 500
Kevin Matthews / Rob Cridland
+44 (0) 207 496
N+1 Singer 3000
Richard Lindley / Liz Yong (Corporate
Finance)
Nick Owen (Corporate Broking)
Hudson Sandler
Charlie Jack / Emily Dillon +44 (0) 207 796 4133
About Itaconix
Itaconix is developing proprietary active ingredients that meet
the performance and price needs of its customers and offers them
improved safety and sustainability, thereby helping to deliver on
the global sustainability agenda, with particular emphasis on the
Personal Care and Homecare markets.
www.itaconix.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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