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Itaconix PLC - Order for Sustainable Detergent Ingredient

RNS Number : 9721D
Itaconix PLC
25 February 2020
 

 

25 February 2020                                                                                                                                                                                                                                           

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

New European Order for Sustainable Detergent Ingredient

Itaconix is pleased to announce that it has received its first order from a second European customer for its Itaconix® CHT™ 122 bio-based detergent ingredient.

Similar to the Company's announcement in May 2019 of its first European customer for Itaconix® CHT™ 122, the new European customer is using the Itaconix polymer as a key ingredient in a new non-phosphate detergent.

Itaconix® CHT™ 122 and the recently announced Itaconix® TSI™ 322 allow formulators to meet increasing consumer and commercial demands for sustainable products without compromising on cost or performance.  

John R. Shaw, CEO of Itaconix, stated: "The European non-phosphate detergent market offers a substantial new revenue opportunity for us. Every new customer further validates this opportunity for our ingredients to provide the foundation for a new generation of safer detergent products setting new standards for performance, value and sustainability."

Ends

For further information please contact:

Itaconix

+1 (603) 775 4400           

 

John R. Shaw / Laura Denner

N+1 Singer

+44 (0) 207 496 3000

Peter Steel / James Moat (Corporate Finance)

Tom Salvesen (Corporate Broking)

About Itaconix

Itaconix develops and produces bio-based ingredients that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leadership positions in non-phosphate detergents, odor control, and hair styling.  

www.itaconix.com


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Price: 1.25

Market: LSE
Market Cap: £3.51 m
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