Firms intend to sign cooperation agreement.
DSM Venturing announced that it has made an undisclosed investment in Novomer, which makes biodegradable aliphatic polycarbonates from epoxides and carbon dioxide.
Ithaca-based Novomer’s materials can be used in a range of applications, from injection moulded parts for electronics to paper coatings and medical implants.
In addition to the investment, Herleen, Netherlands-based DSM Venturing and Novomer said they intend to sign a cooperation agreement. DSM Venturing vice president of new business development for performance materials, Babette Pettersen, said in a news release that both arrangements will help DSM build its efforts in material science and life science to speed development of bio-based performance materials.
Novomer president, Charles Hamilton, said: “Our relationship with DSM Venturing represents an important validation of Novomer’s technology. DSM gives us a major partner in the chemical industry with critical expertise in high-volume production and access to global markets.”
Link to this article：DSM invests in biodegradables firm Novomer
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