Business
R&D Supply Agreement Signed
R&D Supply Agreement Signed.
About this update from Solvonis Therapeutics Plc
[{"type":"text","content":"\n\n \n\n \nFor Immediate Release 30th August 2023\n \n \n \nR&D and Supply agreement signed with Empresas Vilher, Mexico, endorses the global reach of Graft Polymer expertise in unique polymer product development\n \n \nGraft Polymer (UK) plc (LSE:GPL) ('Graft' or the 'Company'), the specialty chemicals company offering modified Polymer solutions for refiners, compounders and processors announces the signing of a Research and Development (R&D) and Supply agreement with Empresas Vilher, S.A de C.V. ('Vilher'), a Mexican company that specialises in Wood Plastic Composite, Plastic Recycling, and High-Performance Compounds. The Company has been working with the technical team from Vilher for several months on a variety of modified polymer projects which has led to the execution of a formal 12-month R&D and Supply agreement.\nWood Plastic Composite ('WPC')\nWPC is made from waste wood (fibres or sawdust) and new or recycled plastic, bonded together with a binding agent. Graft's GRAFTABOND product is leading the field in trials in the PP, PE, HIPS & TR polymer matrices. The global WPC market is projected to grow from US$6.4bn in 2022 to US$15.3bn by 2030, a CAGR of 11.5%. 1\nPlastic Recycling\nThe use of recycled plastic in the construction industry (buildings and roads) is a large, growing and lucrative market. Recycled plastic is increasingly being used for roofing tiles, indoor insulation, PVC windows, bricks, fences, floor tiles, carpeting, ceiling tiles, etc. In order to activate the relevant polymer groups to improve the characteristics of the recycled plastic, different modified polymers are used. The Recycled Plastic market is projected to reach US$55.9bn by 2026, growing at a CAGR of 6.03%. 2\nHigh-Performance Compounds\nThe global plastic compounding market size was US$52.74bn in 2018 is projected...