PolyOne Corporation (NYSE: POL), 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.
PolyOne is a global leader in compounding and formulation and is committed to expanding its position in specialized technologies that enhance the overall sustainability of its customers and the global community. PolyOne has specialty plasticizer manufacturing operations in Orangeville, Ontario and St. Remi, Quebec, Canada. Battelle is the world’s largest non-profit independent research and development organization, providing innovative solutions to the world’s most pressing needs through its four global businesses: Laboratory Management, National Security, Energy Technology, and Health and Life Sciences.
Source: Batelle, Pressemittelung, 2008-08-06.