Huntsman and Polinvent agreement

17 April 2012

The Polyurethanes division of Huntsman has signed a co-operation agreement with Budapest-based Polinvent – a research-intensive enterprise that has recently developed and patented a range of novel amine-epoxy adducts. Together, the two companies will explore the benefits that can be derived from incorporating Polinvent adducts into polyurethane and polyurea coatings as well as other adhesive and elastomer products.

Under the terms of the co-operation, which covers research, development, manufacture, trade and intellectual property rights, Huntsman will have exclusive access to Polinvent adducts for an initial three-year period. During this time, the two companies will seek out new application opportunities and create new adducts for industrialisation.

Ian Rimmer, Commercial Coatings Manager Europe, at Huntsman Polyurethanes, said: "Our co-operation with Polinvent is a mutually beneficial arrangement. Polinvent was looking for a global trade partner that could make use of its adduct technology, while we are always on the look out for sustainable, innovative solutions that can help us differentiate our products and improve our competitiveness. We look forward to utilising Polinvent’s existing adducts across our global manufacturing and supply network, and to developing new amine-epoxy adducts in cooperation with their highly skilled chemists.”

Dr Gabor Nagy, owner and CEO of Polinvent, said: "We have been a Huntsman customer for more than a decade and have always had a productive relationship, exchanging ideas and working closely with the business to join PDA Europe and the industry-wide ‘Walk the Talk’ system. Partnering with Huntsman to roll out the use of our amine-epoxy products was the obvious choice. We are excited to formalise our co-operation and uncover new opportunities that will deliver benefits across the polyurethanes industry as well as key vertical market sectors.”

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