AkzoNobel announced an agreement to acquire the patented Zeta Fraction™ plant-based chemistry technology from Integrated Botanical Technologies, a move AkzoNobel says will boost its sustainable-technology portfolio.
The technology will be integrated into its Personal Care business, but is viewed as offering potential for application development across various product platforms, including coatings, AkzoNobel said.
“We plan to explore all industries covered by AkzoNobel, and we are quite excited to explore the area of paints and coatings,” Dieuwertje ten Feld, the company’s sustainability communications officer, said in reply to an inquiry from Durability + Design about the acquisition.
“We do believe Zeta Fraction ingredients may provide a technology solution in multiple industries. However, we will have to do more research in that area,” Ten Feld said, adding, “Other key target industries would be home and fabric cleaning, agriculture, and many others.”
AkzoNobel, based in The Netherlands, is the world’s largest paint and coatings producer and is a major manufacturer of specialty chemicals.
AkzoNobel said the plant-based chemistry developed by New York-based Integrated Botanical Technologies makes it possible to harvest and separate constituent parts of a living cell from any plant or marine source without the use of solvents. Integrated Botanical Technologies has worked with AkzoNobel’s Personal Care business (part of AkzoNobel Surface Chemistry) for the last five years, and several new products have been developed that are currently being used in various personal-care formulations, AkzoNobel said.
Michael Koganov, one of Integrated Botanical Technologies’ founders, will join AkzoNobel to lead the Zeta Fraction technology platform for the various AkzoNobel businesses.
“Our technology is based on fundamental scientific principles that allows for the isolation of intracellular components in a manner that is reproducible, sustainable and can be used for multiple industries and applications,” Koganov said.
Rob Frohn, the AkzoNobel executive committee member responsible for specialty chemicals, said increasing customer demand for sustainable solutions is evident in the fast-growing personal care market. “Once we tap into this technology’s full potential, when combined with our global reach, we will be in an even stronger position to meet this demand,” he said.
Bob Margevich, managing director of AkzoNobel Surface Chemistry, said the Zeta Fraction technology “is different than anything else on the market. We expect it to continue to revolutionize how plant-based chemistry is used and help to further strengthen ourleadership position in high-performance beauty technologies.”