Itaconix inks polymer supply agreement with Nouryon for detergents
Source - SMW
Itaconix said it had signed an exclusive global supply agreement with Nouryon to use its bio-based polymers for the detergents market.
The pact comes after Itaconix said last May that Nouryon had expressed a desire to enter into a joint marketing effort after completing a successful technical and regulatory evaluation of Itaconix's polymers.
Itaconix would produce and supply certain proprietary polymers with chelating properties that Nouryon would market to its customers in household, institutional, and industrial detergent and cleaner applications.
In addition, the parties would work together to transition many of Itaconix's current detergent customers to Nouryon.
At 2:08pm: (LON:ITX) Itaconix Plc share price was +2.9p at 6.95p