Penford Announces New Renewable Chemical Product Line
June 22 2011 - 7:00AM
Business Wire
Penford Products Co., a division of Penford Corporation (NASDAQ:
PENX), today announced the launch of a new line of cost effective,
natural binder products, made with Penford’s proprietary
technology, which replace synthetic latex used in coated paper and
paperboard applications.
PEN-COTE products, now available in both liquid (PEN-COTE L) and
dry (PEN-COTE D) forms, can replace up to 60% of the
petroleum-based latex used in coating formulations. Major producers
of coated packaging and publication papers are currently
successfully using these products. These products are suitable for
use in food contact paper and paperboard regulated by the Food and
Drug Administration.
Performance of PEN-COTE binders equals that of latex binders,
contains no volatile organic compounds (VOC) and significantly
lowers customers operating costs. Latex binder costs are directly
affected by the increasingly volatile input costs associated with
products derived from petroleum-based raw materials. PEN-COTE L and
PEN-COTE D are designed to be used on modern coating equipment
substituting up to 60% for latex on a 1:1 basis.
Coating binders are used in products such as catalogs,
brochures, packaging board and publication papers. These binders
impart highly desirable properties, including gloss, strength,
printability and binding of pigment particles.
“The continued expansion of our portfolio of renewable chemical
products is further evidence of our commitment to create value for
our customers by developing sustainable products that replace
petroleum-derived materials,” said Tom Malkoski, CEO of Penford
Corporation. “Our PEN-COTE binders can help meet the growing
consumer demand for increased natural and renewable content while
also helping our customers reduce the effects of price volatility
of petrochemicals.”
About Penford Corporation
Penford Corporation develops, manufactures and markets
specialty, natural-based ingredient systems for a variety of
industrial and food applications. Penford has five manufacturing
and/or research locations in the United States.
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