Newlight Technologies' AirCarbon resins, based on polyhydroxybutyrate produced from methane by microorganisms, will be incorporated into the PP compounds by Sumitomo Chemical.
Lanxess’ High Performance Materials business unit also will become part of the joint venture, whose primary focus is the automotive sector.
ExxonMobil Chemical and compounder Kingfa have co-developed a formulation with less elastomer that meets required automotive impact properties without performance or processing trade-offs.
A silo system and new extrusion lines have been added to the North Carolina plant.
The propylene-based elastomer faces pent-up demand in rigid packaging, building & construction, and recycling end uses.
The $37-million acquisition amplifies the well-established commercial presence of RadiciGroup's High Performance Polymers business in India.
The funding from the US departments of defense and health and human services supports plastics compounding for diagnostic testing applications.