AkzoNobel Boosts Technology Portfolio
AkzoNobel has boosted its technology portfolio in sustainable chemistry after agreeing to acquire from Integrated Botanical Technologies (IBT) its patented Zeta Fraction™ technology, which is transforming how plant-based chemistry is used.
AMSTERDAM, the Netherlands - AkzoNobel has boosted its technology portfolio in sustainable chemistry after agreeing to acquire from Integrated Botanical Technologies (IBT) its patented Zeta Fraction™ technology, which is transforming how plant-based chemistry is used. Financial details were not disclosed.
The unique process developed by IBT, a privately held New York-based company, makes it possible to harvest and separate constituent parts of a living cell from any plant or marine source without requiring any solvents. IBT has worked together with the Personal Care business (part of AkzoNobel Surface Chemistry) for the last five years, during which time new products have been developed that are currently being used in various personal care formulations.
Michael Koganov, one of IBT's founders, will be joining AkzoNobel to lead the Zeta Fraction technology platform across the company's businesses.
The Zeta Fraction technology will be integrated into the Personal Care business of AkzoNobel's Surface Chemistry business unit.
AMSTERDAM, the Netherlands - AkzoNobel has boosted its technology portfolio in sustainable chemistry after agreeing to acquire from Integrated Botanical Technologies (IBT) its patented Zeta Fraction™ technology, which is transforming how plant-based chemistry is used. Financial details were not disclosed.
The unique process developed by IBT, a privately held New York-based company, makes it possible to harvest and separate constituent parts of a living cell from any plant or marine source without requiring any solvents. IBT has worked together with the Personal Care business (part of AkzoNobel Surface Chemistry) for the last five years, during which time new products have been developed that are currently being used in various personal care formulations.
Michael Koganov, one of IBT's founders, will be joining AkzoNobel to lead the Zeta Fraction technology platform across the company's businesses.
The Zeta Fraction technology will be integrated into the Personal Care business of AkzoNobel's Surface Chemistry business unit.
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