(Alliance News) - Itaconix PLC on Monday said it has launched two new ingredients for household detergent formulations.
Shares in Itaconix were up 7.8% at 165.00 pence each in London on Monday afternoon.
"The new products represent major advances in phosphate replacement, with new multi-functional performance from plant-based materials that are safe for the environment," said the London-based maker of sustainable plant-based polymer consumer products.
The two latest ingredients are called Itaconix TSI 422 and Itaconix ONZ 405.
Itaconix TSI 422's major benefits include better scale inhibition and more compact dosing while maintaining high plant-based content. Itaconix ONZ 405 is a new powder version of Itaconix's line of liquid plant-based ingredients. "The new powder form extends the potential for new performance claims into important consumer product categories such as powder laundry additives and plastic-free detergent concentrates," said Itaconix.
Chief Executive Officer John Shaw said: "Itaconix ingredients are enabling new generations of safer consumer products with new performance, better cost efficacy, and increased sustainability. Our new products show our commitment to delivering continuous innovation that benefits everyday products, consumers, and the environment."
By Sabrina Penty, Alliance News reporter
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Itaconix Plc (ITX)