Petrochemicals giant Ineos has struck a licence agreement with Resysta International.
Under the terms of the deal, Ineos Compounds will acquire the rights to the production and marketing of Active Resysta Filler (ARF) in Europe.
ARF is a key raw material for the production of the compound which is used in a wide range of wood replacement applications.
It will initially be manufactured at the Ineos Compounds site in Sins, Switzerland.
Jonathan Stewart, chief operating officer of Ineos Compounds, said: “The selection of INEOS Compounds by Resysta to be their partner of choice for the production and marketing of ARF in Europe is another milestone in the ongoing strategic partnership between the two companies.
“We are looking forward to working with Resysta to develop this fast growing sector by having a real alternative to tropical wood. This agreement is further evidence of INEOS compounds’ commitment to new innovation in PVC compounding and in particular to the fast growing wood polymer composite market.”
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