AkzoNobel has enhanced its portfolio of technology in sustainable chemistry by acquiring a patented technology that can revolutionize the use of plant-based chemistry. The company has agreed to acquire the Zeta Fraction technology, a plant-based separation technology, from Integrated Botanical Technologies (IBT). Terms of the deal were not revealed.
The Zeta Fraction technology, a process created by IBT, is capable of harvesting as well as separating composing parts of a living cell from a marine or plant source without needing any dissolvent.
IBT and the Personal Care business, a division of AkzoNobel Surface Chemistry, have worked together for five years to develop new products that are presently being utilized in numerous personal care formulations.
Dr. Michael Koganov, one of the founders of IBT, will join AkzoNobel to head the Zeta Fraction technology program for the firm’s businesses. As part of the deal, the patented Zeta Fraction technology will be combined with the Personal Care business of AkzoNobel's business unit, Surface Chemistry.
Koganov said that the Zeta Fraction technology, which is developed using basic scientific principles, enables the separation of intracellular components in a way that is sustainable, reproducible and can be utilized for various applications and industries.
Source: http://www.akzonobel.com/