NatureWorks, the sustainable biopolymer manufacturing subsidiary of Cargill, has signed a letter of intent (LOI) with CJ BIO, a subsidiary of food company CJ CheilJedang and a leading manufacturer of polyhydroxyalkanoate (PHA). The partnership is aimed at developing high-performance biopolymers for compostable food packaging, food serviceware, and personal care.
Via the partnership, NatureWorks and CJ BIO will combine their bio-based polyester brand technologies “Ingeo” and “PHACT,” respectively, to produce the novel biopolymer solution. The companies are also working toward signing a master collaboration agreement (MCA) in the future.
NatureWorks and CJ BIO will collect feedback from their existing and potential customers on their new biopolymer material and will add or improve the functional properties of the material.
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