Touchstone Innovations portfolio company, Econic Technologies, a developer of novel catalysts, announces the signing of a JDA to partner with SCG Chemicals, one of Thailand’s largest integrated petrochemical companies and a key industrial producer in the Asia-Pacific region. Econic Technologies will work together with SCG Chemicals to develop processes to manufacture novel CO2-based high molecular weight polymers using Econic’s catalyst technologies and to assess application opportunities. SCG Chemicals’ independent subsidiary and polymer research and development firm, Norner, will also play a key role in the development programme.
The joint venture is one of a number of global partnerships Econic Technologies is engaging in as it works towards realising its goal to create value from waste CO2 across the globe. By working with polymer manufacturers and suppliers to help them make their products using carbon dioxide, Econic Technologies creates the potential to transform the sustainability of products in a variety of industries from packaging to construction. Its partnership with SCG Chemicals opens another route to take its catalyst system developments into mainstream use, with a focus on high molecular weight CO2-based polymers as a new family of thermoplastics.
The joint venture will expand Econic Technologies’ global reach as it continues to grow its ever-developing catalyst portfolio. Rowena Sellens, CEO Econic Technologies, commented: “This opportunity to work with a partner that sees the potential beyond CO2 polyols is a fantastic step forward in expanding the breadth of the applications possible, as well as showcasing the relevance of our catalyst technologies as we move towards commercialisation on a global scale.”
For SCG Chemicals, the opportunity will enable the company to develop new, more sustainable technologies. Dr Suracha Udomsak, Technology Business, Group Head, SCG Chemicals, commented: “This is an exciting milestone for us, allowing SCG Chemicals to collaborate with experts to create innovation that could offer a better living standard to society. This collaboration is an example of technological development that will create impact on both higher material performance and sustainability aspects.”