We are committed to enabling you make things better. We love finding ways to create plant-based products with superior results. We team up with companies to make a big splash in the market.
You want to create something special that performs well, sells well and respects nature. With so many rules, costs, and competitors, it's tough to know which way to go.
Itaconix produces key ingredients for new generations of safer consumer products with superior performance and sustainability.
Every day we are motivated by the vision of biology powering the change humankind so desperately needs. Itaconix is leading that revolution.
We are building a large, profitable specialty ingredient company with safer products for the low carbon economy. Our growth rate has just begun to tap the potential of the addressable market.
Itaconix has entered a new era of development toward our long-term goal of becoming a large, highly profitable, capital-efficient specialty-ingredient company.
We know how to leverage our knowledge and expertise to offer insights that few others can.
Subscribe for updates and get insights sent directly to your inbox.
03 May 2019
Itaconix plc ("Itaconix" or the “Company”)
First European Order for New Detergent Polymer
Itaconix is pleased to announce that, following successful trials, it has received its first order from a European customer for its latest bio-based detergent polymer. The customer is a major producer of non-phosphate automatic dishwashing detergent products. Itaconix polymers allow formulators to meet increasing consumer demands for environmentally friendly products without compromising performance.
The new detergent polymer, which was introduced in 2018, has gained broad use in a new generation of North American automatic dishwashing detergents. However, this expansion of use into the European market represents a significant milestone for the Company due to the higher performance demands for automatic dishwashing detergents in Europe. Dr. Jim Gordon, Director of Cleaning & Hygiene at Itaconix, said: "Europe presents special challenges for detergent formulators. Hard water conditions and high-temperature dishwashing machine cycles create difficult barriers for new detergent ingredients to gain acceptance. Building on our success in North America, we have now demonstrated that our new polymer delivers unique value and performance that meets the demands of European customers."
John R. Shaw, CEO of Itaconix, stated: "As phosphates are phased out due to environmental concerns, our novel bio-based polymers are stepping in to enable a new generation of safer detergent products that set new standards for performance, value, and increased sustainability. We expect European detergent use will support our forecast revenues for 2020 and beyond."
Ends
For further information please contact:
Itaconix +1 (603) 775 4400
John R. Shaw / Michael Norris
N+1 Singer +44 (0) 207 496 3000
Richard Lindley / James Moat (Corporate Finance)
Mia Gardner (Corporate Broking)
About Itaconix
Itaconix develops and produces bio-based specialty polymers 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.
Subscribe to our blog to get insights sent directly to your inbox.
