logo-loader
viewItaconix PLC

Itaconix PLC - First order to Croda for new odour control polymer

RNS Number : 9161Y
Itaconix PLC
07 January 2020
 

7 January 2020                                                                                              

Itaconix plc ("Itaconix" or "the Company")

Itaconix delivers first order of new sustainable odour control polymer to Croda

Itaconix (LSE: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers, is pleased to announce the delivery of the first order of ZINADOR 35L to Croda.

The Company announced in October 2019 an expansion of its global supply agreement in odour control products with Croda to include both ZINADOR 22L and 35L.  The new ZINADOR 35L is a more concentrated version of Itaconix's proprietary polymeric complex that delivers performance and cost advantages in detergent and industrial applications.

John R. Shaw, CEO of Itaconix, stated: "The launch of ZINADOR 35L through our collaboration with Croda is a significant commercial milestone for us. I believe the performance and cost advantages available with ZINADOR 35L can generate new and broader use of our odour control polymers."

 

Ends

For further information please contact:

Itaconix

+1 (603) 775 4400           

 

John R. Shaw / Laura Denner

N+1 Singer

+44 (0) 207 496 3000

Richard Lindley / James Moat (Corporate Finance)

Mia Gardner (Corporate Broking)

 

About Itaconix

Itaconix plc (LSE: ITX) is a leading innovator in bio-based functional ingredients for improving the safety and performance of homecare, personal care, and industrial products. Its proprietary polymer technology generates a growing range of new ingredients with unique functionality that meet consumer demands for value and sustainability.    

www.itaconix.com

 

About Croda

Established in 1925, Croda is the name behind high performance ingredients and technologies in some of the world's biggest and most successful brands: creating, making and selling speciality chemicals that are relied on by industries and consumers everywhere.

They have a network of over 4,500 passionate and committed employees, working together as one global team across manufacturing sites and offices in 38 countries. Croda is a FTSE100 company with a flexible structure that allows them to focus on developing and delivering innovative, sustainable ingredients that their customers can build on in: Personal Care, Health Care, Crop Care, Seed Enhancement, Smart Materials, Energy Technologies, Home Care and water and Industrial Specialities.

www.croda.com

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCKKABNBBKBKDK

Quick facts: Itaconix PLC

Price: 0.6

Market: LSE
Market Cap: £1.61 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Itaconix PLC will hunker down and keep production lines running says chief...

John Shaw, Itaconix PLC ’s (LON:ITX) chief executive says it is doing everything it can to cope with the current unprecedented times. Orders are coming, he says, especially for its dishwasher detergents with more people working at home. Costs are being saved where it can, he adds, while it...

3 weeks ago