Saudi Aramco acquires Novomer's polyol business

Saudi Aramco acquired the Converge polyol product line and associated operations from Novomer Inc. for up to $100 million. The polyols are made from CO2 and used in coatings, adhesives, sealants, and elastomers.

“There is compelling industrial logic to the Converge polyol technology deal, as it enables the conversion of waste CO2 into cleaner, high-value end-products with significant performance, cost and carbon footprint improvements.”pcimag.com

• 2 sources
• pcimag.comSaudi Aramco Acquires Novomer’s Polyol Business | 2016-11-12 | PCI MagazineBy: PCI Editorial StaffNov 13, 2016
• doi.orgAramco buys Novomer’s CO2-based polyols unitAlex TulloNov 14, 2016

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