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Reschem Italia is Named Distributor of Novomer's Converge® Polyols in Italy

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NOVOMER, INC.

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

Original Press Release

Reschem Italia is Named Distributor of Novomer's Converge® Polyols in Italy

Press release date: July 28, 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 appointed Reschem Italia S.p.A., a leading distributor of specialty chemicals, as its authorized distributor of Converge® polypropylene carbonate (PPC) polyols in Italy.

Reschem Italia 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 initial commercial entry into the Reschem markets.

"We're excited to announce this new distribution agreement with Reschem Italia which is a leading supplier of polyurethane products and we look forward to expanding our reach into their markets," said Peter Shepard, Chief Business Officer for Novomer Inc. "Reschem Italia has well-established relationships in the polyurethane industry and the necessary resources that will help us grow our position in Europe." 

In response to strong interest for its new Converge® polyols, Novomer is lining up distribution agreements which will accelerate the commercial adoption of its materials. Novomer recently announced the commercial introduction of Converge® PPC polyols which are designed to replace conventional petroleum-based polyether, polyester, and polycarbonate polyols.

Reschem Italia has a broad product portfolio and extensive knowledge in polyurethanes, according to Shepard. Reschem 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 Marco Garegnani, managing director of Reschem Italia. "We look forward to expanding our business and securing commercial opportunities for Novomer's innovative CO2 based polyols."

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 Reschem Italia S.p.A.                                                                                       
Reschem Italia, founded in May 1990, specializes in the capillary distribution of chemical specialties for coatings and polyurethanes. The company operates in the domestic and Mediterranean markets thanks for specific partnerships with some of the most important international chemical companies, reaching a leading market position and very high market penetration for each product. Focused on transparency, quality, and customer service, the Reschem team has gained a strong market share in Italy across various applications including polyurethanes, plastics, paint and varnishes, adhesives, and construction. Through collaboration with Sikel Italia srl, the company has also started to diversify into new markets such as pharmaceuticals, detergents, and feed since 2008.

Reschem Italia operates from their own facilities in Villastanza, near Parabiago, complying with Seveso European Directive 96/82/CE. The company has 1300 m2 of new offices and 8000 m2 of warehouse for storage of liquid and toxic/high toxic solid products. For more information, visit www.reschemitalia.com. "Reschem: Passion, Know-How, Results"

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.

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