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P2 Science Inc., a renewable chemistry company, has entered into an agreement with a Chicago-based business to jointly develop renewable plant-based products.
P2 Science has a manufacturing plant in Naugatuck and research lab in Woodbridge, and it makes products used in the flavor, fragrance and cosmetics markets.
The company recently executed a joint development agreement with ADM of Chicago, an agriculture and food ingredient business, and the two companies plan to develop and commercialize products together.
The agreement follows a memorandum of understanding signed by company leaders in January.
Initially, the products will include renewable terpene monomers and polymers, mid-chain fatty alcohols and acids, polyesters, polyamides, plasticizers and surfactants.
These have commercial applications for various markets, including cosmetics, skincare, paints and coatings, automotive, construction, apparel, home, personal care and industrial cleaning.
Neil Burns, CEO of P2 Science, said in an announcement he is pleased the collaboration has quickly focused on key product and market areas.
These will include developing renewable alternatives to traditional silicone products, according to Burns.
He expects the collaboration to help P2 Science further penetrate the cosmetic and other markets for its Citropol renewable liquid polymer products.
Paul Bloom, ADM’s vice president of sustainable materials, said the agreement allows ADM to bring new plant-based solutions to the marketplace.
“We are excited about this next phase of development as we advance our pipeline of plant-based products for our customers,” Bloom said.
Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.
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