Reverdia and Dezhou Xinhuarun Technology (Xinhuarun) have signed an agreement to jointly develop and promote Biosuccinium™-based microcellular polyurethane (PU) foams. These new Biosuccinium™-based microcellular foams will be used in soles for footwear and further applications.
Based in China, Xinhuarun’s products are exported across Asia, America, Europe and the Middle East.
Ms. Liang Yanzhi, Chair of the Board at Xinhuarun, said:
“Xinhuarun will work exclusively with Reverdia, using Biosuccinium™ for its microcellular PU foams in shoe soles. Going forward, we will expand our work with Reverdia towards development and commercialization of other sustainable polymers in our strategic markets. These innovative materials address a potential market in excess of $500 million.”