Aether Industries has made a joint announcement with H.B. Fuller and Saudi Aramco Technologies Company for the first commercialization of the sustainable Converge® polyols technology. This follows a previous announcement from Aether about its licensing for developing, manufacturing, and commercializing the new Converge polyols technology.
The manufacturing process was thoroughly validated at pre-commercial scale and was driven by sustainable and efficiency models. The Converge platform represents a novel and cutting-edge technology for the manufacture of more sustainable polyols that could contain up to 40% of carbon dioxide by weight, thus reducing overall CO2 emissions. These are a differentiated series of polyols with promising applications in the CASE (coatings, adhesives, sealants, elastomers) industry.
The commercialization and revenue potential of these novel polyols is significant, with a targeted market of 850 KTA (850,000 MT per year) and a CAGR of 5%, out of the overall CASE industry polyol market size of more than 10,000 KTA |