The use of renewable materials as sources of chemical intermediates and specialty products has been increasing regularly. They now represent roughly 5% of the total chemicals market, a figure which is forecasted to grow to 35% by the year 2030. Some remarkable inherent properties of renewables together with volatile oil prices as well as the need to decarbonize the chemicals industry in the coming decades to limit global warming are the driving forces behind this development.
Out of the twelve most important industrial petrochemicals, seven are aliphatic and five are aromatic. While there are many sustainable routes to aliphatic chemicals, only lignins offer a pathway to substitution of the aromatic petrochemicals. Tanovis’s focus on plant polyphenols position us uniquely to play a central role as industry continues to evolve towards sustainable feedstocks.
Tanovis’s subsidiaries have implemented technologies to extract and modify natural aromatic polymers in order to adapt them to a host of commercial applications. The potential markets available worldwide to such products are extremely large. We offer products with different melting points, reactivities, solubilities and functionalities. These products are manufactured in industrial quantities using in-house technology. Our products have already been commercially introduced in several applications, including wood adhesives, foundry resins, moulding compounds, automotive applications, antioxidants, composites, dye dispersants, and concrete admixtures. Customers benefit from performance, lower costs, and from a reduction in carbon footprint.