Hexion said demand for VeoVa has grown quickly since its launch in March 2019, and the partnership with D&R Dispersions and Resins offers strategic manufacturing capabilities in eastern Europe to meet production needs for specialty applications.

Arkadiusz Kowalczyk, vice president of D&R Dispersions and Resins, described the technology as a “real breakthrough in the resin industry” and said: “We are continuously exploring alternative monomeric raw materials and technologies; this collaboration allows us to create truly innovative and sustainable binder solutions for the coatings industry.”

The companies did not reveal any further details of their plans for commercial production. D&R Dispersons and Resins already manufactures alkyd and acrylic resins and water dispersions – copolymers of acrylic monomer, styrene and vinyl acetate – at its location in Wloclawek.

Earlier this year, Hexion agreed the sale of its manufacturing site in Yumbo, Colombia, to a joint venture led by Puerto Rico’s Master Paints & Chemical Corp. At the Yumbo site it produced decorative paints under the Algreco brand, among others, as well as private-label paints, and also had resin capacity for both alkyd and water-based paints.

Hexion’s chairman, president and CEO Craig Rogerson said the divestment is consistent with the ongoing optimization of its portfolio. Financial terms were not disclosed.