Revolymer's consumer business signs first licence

25th Sep 2014 13:26

Polymer technology company Revolymer has signed the first licence in its core consumer specialties business with Belgian chemicals giant Solvay.Under the agreement, Solvay will gain exclusive rights to apply Revolymer's encapsulation technology to its proprietary cleaning and disinfecting active ingredient, PAP.Solvay intends to use the global licence to target industry segments including laundry detergents and additives and dish wash agents, in the consumer, domestic, industrial and institutional markets.By way of consideration, Solvay will make royalty payments to Revolymer on net sales of PAP products incorporating Revolymer technology."We are excited to have closed this significant global deal applying our proprietary technology to Solvay's PAP active ingredient," the group said."Solvay's strategy of improving product performance for its customers is closely aligned to Revolymer's own business plan, and, with Solvay's global reach, it is the ideal partner for Revolymer to commercialise its technology in the field of PAP products across broad industries and geographies."