DSM Venturing, the corporate venturing unit of Royal DSM N.V., has invested in a stake in Novomer Inc. for an undisclosed amount. The companies also plan to sign a cooperation agreement. Both the investment and cooperation agreement will support DSM's plans to develop bio-based performance polymers to meet customers' growing needs for improved materials performance and environmental benefits at competitive costs.
Novomer is developing a technology platform to use carbon dioxide and other renewable materials to produce performance polymers, plastics and other chemicals, combining environmental benefits with improved materials performance. This will find application in several sectors, ranging from injection molded parts for electronics to paper coatings and medical implants. Novomer's catalyst technology enables the production of polymeric materials from renewable feedstocks with decreased reliance on fossil fuels. Their use of feedstocks such as carbon dioxide and carbon monoxide combined with the precision and reliability of synthetic manufacturing processes, is expected to enable the cost-effective manufacture of bio-based building blocks, polymers, compounds and formulations.