# Exel Composites signs purchasing agreement with Ineos for bio-based resin

Exel Composites has finalized a purchasing agreement with Ineos for more than 100 tonnes of Envirez bio-based unsaturated polyester resin, to phase out hydrocarbon-derived resins.

- Type: Contract
- Announced: 2024-09-09
- Status: completed
- Capacity: 100 tonnes
- Products: bio-based unsaturated polyester resin
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [INEOS](https://endata.com/companies/9807.md) (supplier)
- [Exel Composites](https://endata.com/companies/46118.md) (customer)

## Sources

- [plasticstoday.com](https://www.plasticstoday.com/automotive-mobility/exel-composites-unveils-bio-based-unsaturated-polyester-resin), 2024-09-09: "The manufacturing industry simply won’t reach its sustainability targets through isolated initiatives."

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