Palmer Forms Strategic Alliance With BioBased Technologies
Feb. 7, 2012
Alliance will facilitate development of bio-based polyols used for rigid foam systems.
Palmer International and BioBased Technologies formed a strategic alliance focused on developing a new family of bio-based polyols derived from cashew nut shell liquid for use in rigid foam systems.
Offering over 50 years of experience working with cashew nut shell liquid, Palmer will be responsible for scale up and manufacturing of the new products. BioBased Technologies has experience marketing and selling bio-based polyols, as well as with the rigid foam markets. BioBased Technologies will be responsible for R&D, marketing and sales of the final product.
Both companies have collaborated in the development of this new polyol to make sure it is a bio-based drop-in replacement for the traditional polyols that it is targeted to replace. The partners will make use of both companies’ existing research and manufacturing facilities.
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