PolyOne partners with Segetis to explore development of bio-derived plasticizers for use in targeted petroleum and bio-based polymers
April 12, 2010
– PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, today announced an agreement with Segetis, an innovative bio-based chemical company, to explore the development of bio-derived plasticizers for use in targeted petroleum and bio-based polymers.
PolyOne, a leading innovator in bio-derived polymer compounds, is working with Segetis in response to customer demand for more sustainable product offerings. The joint agreement will help to leverage Segetis' proprietary levulinic ketal technology, which is based on renewable, sustainable resources, in the development of plasticizers, solvents, and modifiers for the targeted polymers. Initial developments will be tested in the U.S., but all resulting technology platforms will become globally available.
"We are truly excited to work with Segetis in exploring this new frontier in chemistry," said Marcel Dartee, PolyOne marketing director for biomaterials. "Together, we will develop a unique performance profile for bio-based plasticizers that will enable us to create compounds with properties that are unobtainable today. This agreement underscores PolyOne's commitment to growing our portfolio of Sustainable Solutions in answer to our customers' needs."
"This relationship with PolyOne is a win for the marketplace," comments Snehal Desai, Segetis business vice president. "The need for bio-based performance plasticizers is there, both for use in petroleum-based resins as well as bio-derived resin systems. We recognize that combining PolyOne's global leadership in bio-based compounding with Segetis' proprietary technology will result in an expanded breadth of performance resins."
The agreement will combine Segetis' unique technology with PolyOne's compounding technical expertise to customize formulations on a global basis for a variety of end-use markets, such as electronics, consumer, healthcare and automotive.
PolyOne previously announced joint development efforts with Archer Daniels Midland to produce bio-plasticizers for use in vinyl-related markets. Planned development work with Segetis expands PolyOne's current relationships in bio-derived plasticizers to extend into non-vinyl products.
PolyOne Corporation, with 2009 annual revenues of $2.1 billion, is a premier provider of specialized polymer materials, services and solutions. Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around the world. For additional information on PolyOne, visit www.polyone.com.
Segetis delivers versatile, cost-effective chemical building blocks that harness the power and reliability of renewable resources. Our novel materials offer new functionality and competitive economics relevant to multiple billion-dollar markets. Segetis technology perfectly complements the emerging global biorefinery landscape and fundamentally changes the chemicals industry by moving it to a lower carbon footprint with products that replace the embedded petroleum in everyday items. For more information, please visit our Web site www.segetis.com.