RE: RE...What I like about this share17 Nov 2018 12:40
In May 2018 Itaconix and AkzoNobel struck a deal in principle that will see the pair work together to market the former’s bio-based chelates used in detergents and cleaners.
The companies hope that by using Itaconix’s technology they can create a renewable polymer that is just as effective but not as harmful.
Exact terms of the deal weren’t made public, but both sides expect to complete formal agreements by the end of the year.
“The goal is to establish a strong multi-year relationship to deliver Itaconix's innovative bio-based chelates to customers worldwide, thereby supporting the development of high performance, sustainable, consumer products using Itaconix technology,” the company said at the time.
As well as AkzoNobel, Itaconix also has an exclusive supply and marketing agreement with Croda International PLC (LON:CRDA) for its polymer-based odour removal additive ZINADOR.
Under that deal, Itaconix makes ZINADOR for Croda, which then markets and sells the additive to households.