AkzoNobel acquires plant-based separation technology

AkzoNobel acquires plant-based separation technology

2:54 PM, 1st July 2011
AkzoNobel acquires plant-based separation technology
Rob Frohn, Executive Committee Member, responsible for Specialty Chemicals, AkzoNobel.

AMSTERDAM, THE NETHERLANDS: AkzoNobel has boosted its technology portfolio in sustainable chemistry after agreeing to acquire from Integrated Botanical Technologies (IBT), its patented Zeta Fraction technology, which is transforming how plant-based chemistry is used. Financial details were not disclosed.

The unique process developed by IBT, a privately held New York-based company, makes it possible to harvest and separate constituent parts of a living cell from any plant or marine source without requiring any solvents. IBT has worked together with the Personal Care business (part of AkzoNobel Surface Chemistry) for the last five years.

“This acquisition will not only help us to bring innovative products to the market, but we also believe that this technology can be used across several AkzoNobel businesses. There is increasing customer demand for sustainable solutions in the fast-growing personal care market,” said Rob Frohn, Executive Committee Member, responsible for Specialty Chemicals, AkzoNobel.

Dr Michael Koganov, one of IBT’s founders, will be joining AkzoNobel to lead the Zeta Fraction technology platform across the company’s businesses. “Our technology is based on fundamental scientific principles that allows for the isolation of intracellular components in a manner that is reproducible, sustainable and can be used for multiple industries and applications,” he said.

© WOC News




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