Following the completion of the purchase from DuPont for approximately $240 million, the Chinese Huafon Group has reincorporated former DuPont Biomaterials as a stand-alone company under the name Covation Biomaterials headquartered in the U.S. state of Delaware. Covation aims to create sustainable building blocks for customers to make innovative bio-based products accessible globally. “As a supplier of bio-based materials solutions, we are an important gateway into a more circular economy,” said Michael Saltzberg, CEO Covation Biomaterials. ”Sustainable supply chains must begin with sustainable materials, and our science allows our customers to end their over-reliance on petroleum.”
The new company builds on a suite of products currently available in the market, including:
- Sorona, a partially bio-based polymer for carpets and fabrics
- Susterra, a 100 percent plant-based 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 that is available in multiple formulations and used in high-volume markets, from personal care and home care to pharmaceuticals to enhancing flavors and foods
The Huafon Group is a large manufacturer of polyurethane (PU) materials with a broad product portfolio in adipic acid, polyester polyols, spandex filament, microfiber material, TPU, polyamide, etc. The group has more than 14,000 employees (as of 2021) and owns multiple subsidiary companies globally in chemical, metals, finance, logistics, information technology and trade.
