AkzoNobel and Itaconix Finalize First Biobased Polymer Application Agreement
AMSTERDAM – AkzoNobel's Specialty Chemicals business has finalized the first application agreement for biobased 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.
"We are pleased to be announcing the first in a series of agreements to develop these polymers for commercial use," said Peter Nieuwenhuizen, RD&I Director for AkzoNobel's Specialty Chemicals business. Nieuwenhuizen detailed the development during a presentation at the BIO World Congress on Industrial Biotechnology in Montreal.