(plastemart) -- Altuglas International (subsidiary of Arkema group) and NatureWorks, one of the leaders in the bio-plastics market with its Ingeo biopolymers derived from plants, have signed a global co-marketing agreement.
The agreement is designed to deliver a range of newly formulated bio-based, high performance alloys based on polymethylmethacrylate and Ingeo.
The new materials will be marketed by Altuglas International as Plexiglas/Altuglas Rnew biopolymer alloys. Primary co-marketing efforts for these materials will be for durable goods applications, where the Plexiglas/Altuglas brand is synonymous with high performance, durability and clarity.
This unique range of resins affords customizable formulating latitude providing exceptional impact- and chemical-resistance properties. In addition, the resins offer a significantly reduced carbon footprint due to the Ingeo biopolymer content.
The collaboration of the two companies offers a compelling combination of properties designed to open new doors in the market, including significant opportunities for durable applications such as signage, lighting, consumer products, transportation, cosmetic packaging and large and small appliances. Through the collaboration, Altuglas International and NatureWorks will pool resources to accelerate the introduction of these new high performance biopolymer alloys into the market.
We remind that, as MRC informed previously, Arkema announced earlier this year that its 2016 ambition is to become a world leader in specialty chemicals and advanced materials. The acquisition of Hipro Polymers and Casda Biomaterials in China beginning of this year and the divestment of its Vinyl business beginning of July, were the last steps of the highly successful turnaround of Arkema into a strong player in specialty chemicals.
MRC