BTC Europe GmbH, BASF’s European distribution company for specialty chemicals, and NXTLEVVEL Biochem have signed an agreement on the distribution of biobased and biodegradable solvents derived from levulinic acid for the European market.
According to the companies, the agreement will allow them to leverage their expertise to respond to the high demand for more sustainable and low-emission products on the European market.
“Enriching our portfolio with complementary, sustainable and resource-efficient solutions is a core pillar of our strategy. The cooperation with NXTLEVVEL Biochem will create new opportunities for future growth and strengthen our position in the European distribution business,” says Jose Corral Montilla, managing director at BTC Europe GmbH.
“Together, we can seize new market potentials for levulinate solvents by combining the strength of our products with BTC Europe’s strong position on the European chemical distribution market,” says Aris de Rijke, CEO at NXTLEVVEL Biochem. “Leveraging proprietary technology from GFBiochemicals, we produce levulinate derivatives at industrial scale and serve markets with a high demand for biobased chemicals such as industrial & institutional cleaning, home and personal care, but also coatings and agriculture.”