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Novomer Names Quimidroga Distributor of Converge® Polyols in Iberia and Turkey

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NOVOMER, INC.

South Hill Business Campus, 950 Danby Road, Ithaca, NY, 14850, USA

Original Press Release

Novomer Names Quimidroga Distributor of Converge® Polyols in Iberia and Turkey

Press release date: July 16, 2014

WALTHAM, Mass. – Novomer Inc., a sustainable materials company pioneering a family of high-performance polymers and other chemicals from renewable feedstocks such as carbon dioxide (CO2), has named Barcelona-based Quimidroga s.a., a leading distributor of specialty products,  industrial chemicals, and plastics, as an authorized distributor of Converge®polypropylene carbonate (PPC) polyols in Spain, Portugal, and Turkey.

Quimidroga will distribute commercial quantities of Novomer's new 1000 and 2000 molecular weight Converge® PPC polyols for use in polyurethane formulations targeted at adhesive, coatings, sealants, elastomers, and rigid and flexible foams. The distribution agreement represents Novomer's commercial entry into Quimidroga's markets.

"We're pleased to establish this distribution relationship with Quimidroga which has a leading position in the polyurethane industry and we look forward to expanding our reach in their key markets," said Peter Shepard, Chief Business Officer for Novomer Inc. Novomer recently announced the commercial introduction of Converge® PPC polyols which are designed to replace conventional petroleum-based polyether, polyester, and polycarbonate polyols.
       
Quimidroga has a broad product portfolio serving the polyurethane industry and is well established in the Iberian Peninsula, according to Shepard. Quimidroga will provide all support services including technical marketing, account management, application development, customer service, warehousing, and logistics.

"We welcome this new distribution arrangement which expands our portfolio options for customers," said Antoni Feliu, business director for polyurethanes for Quimidroga. "Novomer's breakthrough polyol technology has attracted wide attention and we see strong opportunities for these materials in the region."

Converge® polyols are based on the co-polymerization of carbon dioxide (CO2) and epoxides and the resulting products contain more than 40% by weight CO2. The use of waste CO2 as a significant raw material yields a product with an extremely low carbon footprint. In addition, since waste CO2 is significantly lower in cost than conventional petroleum-based raw materials, Converge® polyol manufacturing costs are favorable compared to conventional polyols when produced at full commercial scale.

In terms of performance, Novomer's Converge® polyols have a unique polycarbonate backbone which increases the strength and durability of polyurethane products. Incorporating these new polyols into existing formulations yields foams with higher tensile and tear strength, and increased load bearing capacity; adhesives and coatings with improved adhesion, cohesive strength, and weatherability; and elastomers with greater tensile and flexural strength.

About Quimidroga s.a.                                                                                                                                 
Quimidroga is a leader in the commercialization and distribution of chemical products in the Iberian Peninsula. The company also covers other Mediterranean countries through its affiliates in France, Morocco, Algeria, and Turkey. Since its founding in 1944, Quimidroga has maintained a focus on in-depth technical knowledge, quality, and customer service. Quimidroga distributes a wide range of products including industrial chemicals, commodities, and specialties. It relies on a commercial team of 200 professionals.

The Quimidroga product portfolio includes more than 7000 references from 500 suppliers around the world which makes it possible to fulfil any demand of chemical products from its more than 7000 customers. The company sells more than 400,000 metric tons of materials with a total turnover of around 600 million euros. Quimidroga relies on key distribution centers which are tied to its logistic complex at the Barcelona port – one of the most modern and best-equipped chemical products storage and handling centers in Europe. The 68,000 m2 warehouse has a capacity of 30,000 tons of packed products and 12,000 m3 in 155 tanks. Learn more at www.quimidroga.com.

About Novomer Inc.
Novomer (www.novomer.com) is a leading materials company commercializing a family of low-cost, high-performance, sustainable polymers and other chemicals. Novomer's groundbreaking catalyst technology allows carbon dioxide and other renewable feedstocks to be cost-effectively transformed into chemical products for a wide variety of industrial markets. For more information, visit www.novomer.com

                                                           
Press Contact:                                                                                                                                                         
Joseph Grande                                                                 
413.684.2463
joe@jgrandecommunications.com

                                                             

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