Last checked at 7 Jan 2020 07:00
7 January 2020
Itaconix plc ("Itaconix" or "the Company")
Itaconix delivers first order of new sustainable odour control polymer to Croda
Itaconix (LSE: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers, is pleased to announce the delivery of the first order of ZINADOR™ 35L to Croda.
The Company announced in October 2019 an expansion of its global supply agreement in odour control products with Croda to include both ZINADOR™ 22L and 35L. The new ZINADOR™ 35L is a more concentrated version of Itaconix's proprietary polymeric complex that delivers performance and cost advantages in detergent and industrial applications.
John R. Shaw, CEO of Itaconix, stated: "The launch of ZINADOR™ 35L through our collaboration with Croda is a significant commercial milestone for us. I believe the performance and cost advantages available with ZINADOR™ 35L can generate new and broader use of our odour control polymers."
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For further information please contact:
Itaconix | +1 (603) 775 4400
|
John R. Shaw / Laura Denner | |
N+1 Singer | +44 (0) 207 496 3000 |
Richard Lindley / James Moat (Corporate Finance) Mia Gardner (Corporate Broking) |
About Itaconix
Itaconix plc (LSE: ITX) is a leading innovator in bio-based functional ingredients for improving the safety and performance of homecare, personal care, and industrial products. Its proprietary polymer technology generates a growing range of new ingredients with unique functionality that meet consumer demands for value and sustainability.
www.itaconix.com
About Croda
Established in 1925, Croda is the name behind high performance ingredients and technologies in some of the world's biggest and most successful brands: creating, making and selling speciality chemicals that are relied on by industries and consumers everywhere.
They have a network of over 4,500 passionate and committed employees, working together as one global team across manufacturing sites and offices in 38 countries. Croda is a FTSE100 company with a flexible structure that allows them to focus on developing and delivering innovative, sustainable ingredients that their customers can build on in: Personal Care, Health Care, Crop Care, Seed Enhancement, Smart Materials, Energy Technologies, Home Care and water and Industrial Specialities.
www.croda.com