Aug 6 2008
PolyOne Corporation, a premier provider of specialized polymer materials, services and solutions, announced today that it has entered into an exclusive license arrangement for a series of bio-based plasticizer technology patents owned by Battelle.
The global market for plasticizers is approximately $11 billion annually, with 90% of all production consumed in vinyl-based formulations. Specialty plasticizers currently account for about 20% of the market. PolyOne will seek to develop differentiated specialty plasticizer and vinyl compound offerings based in part on the technologies covered by these patents.
“The world is looking for bio-based alternatives to materials traditionally derived from petroleum-based feedstock. The Battelle plasticizer technology, which was developed with early stage funding from Ohio Soybean Council as part of their strategic thrust to create new industrial markets for soybeans, shows great promise as a path to commercially viable renewable plasticizers,” said PolyOne’s Rob Rosenau, senior vice president and general manager, Geon Performance Polymers.
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