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Web Date: November 4, 2016

Aramco buys Novomer’s CO2-based polyols business

Saudi oil company says carbon dioxide-based polyols will flourish with its backing
Department: Business
Keywords: renewables, Novomer, Aramco, CO2

Saudi Arabia’s national oil company, Saudi Aramco, is making a big investment in green chemistry with the purchase, valued at up to $100 million, of Novomer’s Converge polyols business.

Novomer produces the polyols by reacting carbon dioxide with epoxides such as ethylene oxide and propylene oxide. The polyols, which have a renewable content of up to 45%, are then reacted with isocyanates to make polyurethanes.

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Chemical & Engineering News
ISSN 0009-2347
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