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.