# Towell Engineering and GFBiochemicals form bio-chemicals JV

Towell Engineering Group and GFBiochemicals announced a joint venture, NXTLEVVEL Biochem, to produce and market bio-solvents and bio-plasticizers based on levulinic acid. The JV will be headquartered in Geleen, Netherlands.

- Type: Acquisition
- Announced: 2020-03-11
- Where: Geleen, Netherlands, Netherlands
- Status: announced
- Products: bio-solvents, bio-plasticizers, levulinic acid
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Towell Engineering Group](https://endata.com/companies/45200.md) (partner)
- [NXTLEVVEL Biochem](https://endata.com/companies/45202.md) (target)
- [GFBiochemicals](https://endata.com/companies/45861.md) (partner)

## Sources

- [pcimag.com](https://www.pcimag.com/articles/107174-towell-engineering-group-and-gfbiochemicals-form-jv), 2020-03-11: "The aim of the joint venture company, NXTLEVVEL Biochem, headquartered in Geleen, the Netherlands, is to build a leading position in bio-solvents and bio-plasticizers based on levulinic acid."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.