Saudi Aramco announced the successful acquisition of its Converge® product business and related technologies from Novomer in the United States, including the production process of carbon dioxide-based polyether polyols, marking the beginning of Saudi Aramco's entry into the carbon dioxide-based polyurethane industry. The transaction value is up to 100 million US dollars.
It is reported that the polyether polyol produced by using carbon dioxide-based technology has the characteristics of high performance, more competitive cost, and stable product. It can replace the traditional production process using petrochemical products as raw materials and is used in coatings, adhesives, and seals. Agent, elastomer (CASE for short) and other high-value, high-demand end products. Similarly, this polyol can also be used to produce flexible and rigid foams.