Web Date: November 4, 2016
Aramco buys Novomer’s CO2-based polyols business
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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