24 January 2012 15:48 [Source: ICIS news]
LONDON (ICIS)--Rhodia and Dutch biotechnology company Avantium have entered into a partnership to jointly develop a range of new bio-based polyamides, the France-based specialty chemical company said on Tuesday.
The bio-based polyamides will be used in a variety of applications, Rhodia added.
Financial details of the deal were not disclosed.
“Together with our existing partnerships in polyamides, we are now completely covering all application areas for polyamides on basis of our green building blocks,” said Tom van Aken, CEO of Avantium.
Belgian chemicals producer Solvay acquired Rhodia for €3.4bn ($4.4bn) in August 2011.
($1 = €0.77)
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