Econic receives Saudi Aramco Technology license for CO2-based polyols

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Econic receives Saudi Aramco Technology license for CO2-based polyols

Technology company Econic Technologies (based in Macclesfield, UK) has signed a global licensing agreement for Saudi Aramco's (SATC) carbon dioxide polymer technology.. By integrating this technology into its existing product portfolio, Econic will expand its overall product line to better serve new and existing customers in the coatings, adhesives, sealants and elastomers (CASE) and other market segments.

Econic's catalyst and process technologies enable manufacturers to produce polymers using carbon dioxide instead of petrochemicals. The company licenses its technology to manufacturers of polyols and surfactants, which are used in a variety of consumer products such as automobiles, clothing, and building materials. SATC's Carbon Dioxide-Based Polyol Technology Converge® converts waste carbon dioxide into high-value polyols. The technology was acquired from Novomer Inc in 2016.

Keith Wiggins, CEO of Econic, said: "We see an opportunity to fully realize the potential of Saudi Aramco's CO2 polyol technology., this will complement and enhance our existing portfolio. With this technology, we are excited to help the broader industry improve products and reduce carbon emissions."

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