SEPPIC and Ecovia Renewables sign a strategic partnership on biopolymers
SEPPIC and Ecovia Renewables have entered into a partnership to develop and market high-performing, biobased and biodegradable polymers.
Due to growing environmental awareness and increasing focus on health and wellness, consumers are looking more and more for natural and sustainable products. SEPPIC and Ecovia Renewables are partnering to offer high-performance and environmental-friendly ingredients to manufacturers of beauty and healthcare products.
Ecovia Renewables, a U.S.-based company, has developed a ground-breaking platform technology to produce biobased ingredients through a proprietary fermentation process using renewable biomass. It will be combined with SEPPIC’s long-standing expertise in formulation and large-scale production of high-value specialty ingredients.
The two companies have signed a joint development agreement. In addition, SEPPIC has taken an equity stake in Ecovia Renewables. SEPPIC and Ecovia Renewables will jointly develop biopolymers that the Seppic Group will market through its global commercial and service organization that serves customers around the world, for all topical applications on an exclusive basis.
Jean-Baptiste Dellon, CEO of the SEPPIC Group, stated: “This partnership with Ecovia Renewables is fully aligned with SEPPIC strategy to design, develop and market ingredients that bring strong environmental and health benefits. Responsible innovation is at the heart of this strategy and this partnership is a significant milestone and a new success for our open innovation initiative.”
Jeremy Minty, CEO of Ecovia Renewables, remarked: “SEPPIC and Ecovia Renewables share a common vision of developing innovative, eco-friendly, biobased ingredients for beauty and healthcare products, and both companies recognize the evolving consumer interests and opportunities in this area.”