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Brussels, October 16, 2017 --- Società Chimica Bussi S.p.A., part of an Italian chemical group of entrepreneurs active in chemical industry including the management of certain businesses under the Caffaro brand, has today announced its decision to invest in facilities for the production of the new granular grade EurecoTM RP103. Solvay keeps its role of exclusive distributor of EurecoTM products worldwide except Italy.
As foreseen, Società Chimica Bussi has already started a series of investments on the site to ensure its sustainability and growth as well as creating synergies with its current portfolio of activities.
Building on the actions initiated by Solvay and as a result of growing commercial interest, Società Chimica Bussi has decided to support the availability of EurecoTM products in granular form and has prioritized the investment at Bussi.
EurecoTM RP103 technology, developed and licensed by Itaconix Ltd to Solvay under exclusive terms, is based on 6-phthalimido-peroxyhexanoic acid (PAP), and is already well-known by the consumer and professional detergent’s markets for its effectiveness in removing stubborn stains, bleaching in compact product formulations, getting rid of malodour and in killing germs, bacteria and fungi on both textiles and hard surfaces.
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Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability. Its lightweighting materials enhance cleaner mobility, its formulations optimize the use of resources and its performance chemicals improve air and water quality. Solvay is headquartered in Brussels with around 27,000 employees in 58 countries. Net sales were € 10.9 billion in 2016, with 90% from activities where Solvay ranks among the world’s top 3 leaders. Solvay SA (SOLB.BE) is listed on Euronext Brussels and Paris (Bloomberg: SOLB.BB - Reuters: SOLB.BR) and in the United States its shares (SOLVY) are traded through a level-1 ADR program.
Società Chimica Bussi is an Italian chemical company which produces in Italy around 100.000 ton/year of base and fine chemicals, with sales around 25 million euro/year, while other companies owned by SCB’s controlling shareholder, Mr. Donato Todisco, accounts for 500.000 ton of marketed base and fine chemicals generating sales for over 200 million euro.
Itaconix designs and manufactures high performance, cost effective and sustainable ingredients that are key components of products in the personal and consumer health care, homecare and industrial sectors. The Company is the world leader in developing and producing bio-based polymers from itaconic acid, combining the versatile chemistry of itaconic acid with breakthrough manufacturing economics. Itaconix is growing a portfolio of functional, sustainable ingredients that offer a compelling alternative to traditional petrochemical materials, in response to growing demand driven by the global sustainability agenda. The Company is actively building collaborative partnerships with leading industry players with the aim of accelerating market adoption of its products.
