Elementis Forms Commercial Agreement with NXTLEVVEL Biochem
GELEEN, Netherlands/LONDON – Representing a progressive approach between two sustainable chemistry leaders, Elementis and NXTLEVVEL Biochem have formed a commercial agreement that will enable them to develop, manufacture and sell a portfolio of bio-based products. The two companies are gearing up for a launch of two new bio-based solvents for the industrial paint and coatings sector in early 2021. These bio-based solvents can be used as coalescing agents and replace the use of petrochemical-based solvents in product formulations.
A privately held company headquartered in The Netherlands, NXTLEVVEL is a commercial-scale manufacturer of next-generation biomass-derived chemicals. As a joint venture formed in 2018, NXTLEVVEL brings together the industrial expertise of the Towell Engineering Group (Sultanate of Oman) with advanced technology developed by GFBiochemicals. GFBiochemicals was founded in 2008 and holds 200 patents for its proprietary technology in bio-solvents, polyols and plasticizers based on levulinic acid. Elementis is a publicly traded global leader in delivering naturally derived additives for paint and coatings, personal care, and energy applications. Elementis is also a leading provider of water-based systems and solutions that replace traditional solvent-based formulations while maintaining performance in application.