<p></p><p>Palmer International and BioBased Technologies have brought together their expertise and years of experience to form an alliance focused on developing a new family of bio-based polyols derived from Cashew Nut Shell Liquid for use in rigid foam systems. Palmer International has more than 50 years experience working with Cashew Nut Shell Liquid and developing marketable products that are functional and sustainable. In the alliance Palmer is responsible for scale up and manufacturing of the new products.</p> <p>“This cashew polyol has strong technical merit," states Kevin Palmer, CEO of the company, "and combined with our existing infrastructure and manufacturing expertise, as well as the application and marketing prowess of BioBased Technologies, we offer our customers the best possible value." BioBased Technologies has extensive experience selling and marketing bio-based polyols because of its Agrol polyol line, and knowledge of the rigid foam market through its well-known BioBased Insulation Division. BioBased Technologies will be responsible for research and development of the new polyol in rigid foam systems, marketing and sales of the final product. </p><p>“We believe this new bio-based polyol will compliment our existing line of polyols,” said Amy Sorrell, CEO of BioBased Technologies. “This allows us to use a new, renewable feedstock, and will give our customers more options to help increase the sustainability of their end products.” Both companies have collaborated in the development of this new polyol to make sure it is a bio-based drop-in replacement for the traditional polyols that it is targeted to replace. </p><p> </p><br><p></p>