Covation Biomaterials is the new name of a company spun off from the sale of DuPont Biomaterials to the Huafon Group, a company based in China.
Covation will be headquartered near Newark.
“As a supplier of bio-based materials solutions, we are an important gateway into a more circular economy. Sustainable supply chains must begin with sustainable materials and our science allows our customers to end their overreliance on petroleum,” said Michael Saltzberg, CEO of Covation Biomaterials. “By collaborating with forward-thinking value chain partners and brands globally, we will continue to push the boundaries of innovation and sustainability to deliver high-performance biomaterials at scale. We are thrilled to be joining the Huafon Group, a highly successful materials company that is uniquely positioned to expand the reach of our current products and help us accelerate the introduction of new offerings and technologies to the market.
Acquired in the sale
- – Sorona, a partially bio-based polymer used in carpets and fabrics.
- – Susterra , a 100% plant-based, high-performance building block that reduces the need for petroleum-based components Its applications range from footwear and outdoor apparel to coatings, inks and functional fluids;
- Zemea, a plant-based and biodegradable material. Markets for Zemea‘include home care, pharmaceuticals and enhancements to flavors and foods.
- DuPont made big investments in materials that would move the company away from the use of petroleum.
“We have long admired the work by this team of biomaterials scientists and developers, who are developing industry-leading, sustainable materials available at scale,” said Feifeng You, vice president , Huafon Group and chairman of the board – Covation.
Founded in 1991, headquartered in Ruian, China, Huafon Group is based in Rulan China. It is one of the largest manufacturers of polyurethane materials in the world with product portfolio in adipic acid, polyester polyols, spandex filament, microfiber material, TPU, polyamide and other matrials. Huafon Group has more than 14,000 employees.