Innospec Partners With Huntsman to Launch TAURANOL SCMI-85, New Water-Soluble Surfactant
Wednesday February 14, 9:15 am ET
NEWARK, Del., Feb. 14, 2007 (PRIME NEWSWIRE) -- Innospec Inc. today announced that its Innospec Finetex business has partnered with Huntsman Corporation to launch TAURANOL(r) SCMI-85 (Sodium Cocoyl Methyl Isethionate), a new surfactant for the personal care industry.
TAURANOL(r) SCMI-85 provides the same mildness and foaming attributes of other Innospec Finetex Isethionate surfactants, but with a dramatic improvement in solubility to facilitate "crystal clear'' liquid systems. The product is expected to be of particular interest to manufacturers of specialty (sulfate-free) shampoos, as well as face and body cleansers.
"This is one of the most exciting new surfactants developed for the personal care industry in recent years,'' said Philip Matena, President of Innospec Performance Chemicals U.S. Co., the Innospec Inc. subsidiary which owns the Innospec Finetex business. "We are delighted that Huntsman selected Innospec Finetex to commercialize this new molecule. Our expertise in Isethionate chemistry enabled us to efficiently scale up for production in commercial quantities, and our sales and marketing teams have already generated significant interest in this breakthrough product.''
Dave Parkin, Vice President at Huntsman, said, "TAURANOL(r) SCMI-85 is a great example of Huntsman's continued innovation across a wide variety of end markets, as well as our discipline in pursuing different approaches to commercializing new technologies in markets outside our strategic focus. Given Innospec's technical capabilities and marketing strengths in the personal care arena, this partnership was a natural fit.''
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with almost 1,000 employees in 23 countries. Innospec divides its operations into three distinct business areas: Fuel Specialties, Performance Chemicals, and Octane Additives. Together, the three businesses manufacture and supply a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Innospec's Fuel Specialties business specializes in manufacturing and supplying the fuel additives that help improve fuel efficiency, boost engine performance and reduce harmful emissions. Innospec's Performance Chemicals business includes a range of companies that manufacture performance chemicals used in the manufacture of such items as personal care products, household detergents and crop protection chemicals as well as in the plastics, paper, metal plating and oil industries. Innospec's Octane Additives business is the world's only producer of tetra ethyl lead.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman today has 14,000 employees and over 75 operations in 24 countries. The Company had 2005 revenues of $13 billion.
Source: Innospec Inc.
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