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allnex, GC and Econic sign a Memorandum of Understanding (MOU) to explore advanced polymer systems

12 ноября 2024 г Corporate
  • allnex, parent company GC, and Econic sign MOU for carbon-capture technology in polymer solutions
  • Collaboration targets a 30%+ carbon reduction and improved coating performance
  • This collaboration supports GC and allnex’s goals for sustainable, market-driven solutions.
 
 
Frankfurt, November 11, 2024 – allnex, a leading global manufacturer of industrial coating resins and additives, and its parent company, PTT Global Chemical Public Company Limited (GC), Thailand’s largest integrated petrochemical and refining business a leading corporation in the Asia-Pacific, have signed a Memorandum of Understanding (MOU) with Econic Technologies.
 
This MOU outlines a collaborative effort among the three companies to explore business and research opportunities focused on advancing polymer systems and processes for coatings derived from captured carbon.

By incorporating Econic’s innovative technologies, allnex and GC aim to reduce the environmental footprint of their operations while developing eco-friendly polymer products for the coatings industry. Econic’s carbon-capture technology can reduce the carbon footprint of select products by 30 percent or more, with added benefits for coatings, such as improved durability, enhanced corrosion resistance, and refined aesthetic properties.

Dr. Benoit De Becker, Senior VP Corporate Development & Innovation, allnex, stated, “We are excited to partner with Econic to explore cutting-edge technologies that support our sustainability goals. This MOU offers an opportunity to develop innovative solutions that not only meet the evolving needs of our customers but also contribute to a more sustainable future.”

“GC is committed to fostering sustainability and innovation in our business portfolio,” stated Dr. Kamel Ramdani, Executive Vice President - Innovation, GC. “We look forward to working with Econic to develop advanced, eco-friendly systems to serve our customers and support GC’s sustainability goals. This initiative is aligned with our strategy of investing in emerging technologies and leveraging our corporate venture capital (CVC) arm to support impactful startups. We look forward to contributing our expertise and business networks to bring these solutions to market.”

“This MOU with GC and allnex is a pivotal step in our mission to create sustainable and high-performance polymer solutions. By combining our renewable carbon technology with their extensive expertise in coatings, we are poised to drive significant advancements in polymer science that align with global sustainability goals,” said Keith Wiggins, CEO of Econic.

This collaborative MOU reflects allnex’s dedication to leading sustainable advancements in the coatings industry, aligning with its commitment to reducing environmental impact through innovation.
 
 
 
 
 
CORPORATE COMMUNICATION
Daria Samonova
 
Phone +49 15121129131
Daria.Samonova@allnex.com
 
 
Follow us on LinkedIn, Instagram.
 
 
About allnex
A global company with over € 2.3 billion revenue, allnex is a leading producer of coating resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks. With manufacturing facilities and R&D centers located around the world, the allnex group offers access to a huge global network of innovation and provides responsive, local support to our customers, helping them to quickly bring advanced coating solutions to market. Formed in 2016 by the merger of two leading resin companies, we‘ve recently further strengthened (y)our business and reach by becoming part of major international player PTT Global Chemical. www.allnex.com
 
 
 
About PTT Global Chemical Public Company Limited
PTT Global Chemical Public Company Limited, or GC, is Thailand’s largest integrated petrochemical and refining business and a leading corporation in the Asia-Pacific region, both in size and product variety – from petrochemical, to biochemical as the world’s number one bioplastics producer with over 34 subsidiaries and joint ventures with manufacturing plants and distributors in 29 countries globally with a large scale of operation, GC thrives through lean and process improvement for maximum efficiency. www.pttgcgroup.com
 
 
 
About Econic Technologies
Econic Technologies is a UK-based deep tech company focused on renewable carbon. Its innovative catalyst and process technology allows manufacturers to produce polymers based on CO₂ instead of petrochemicals. The use of CO₂ enhances sustainability while creating more cost-effective, higher-performing end products. Econic licenses its technology to polyols and surfactants manufacturers that supply some of the world’s most iconic consumer brands. Econic was founded in 2011 by Dr. Charlotte Williams at Imperial College London. The company is part of Cleantech Group’s Global Cleantech 100. Its global headquarters are in Alderley Park, UK just outside of Manchester.