Sonae Arauco says the investment will enable it to supply cost-competitive products with lowest achievable emissions and highest biobased content. EcoSynthetix’s technology will eventually be rolled out across other Sonae Arauco sites and product lines.
“We have an industrial soul and we believe in long-lasting partnerships,” says Rui Correia, CEO of Soane Arauco. “We do feel that EcoSynthetix Inc. will help us to take our clients ambitions further by offering an attractive product portfolio.”
Sonae Arauco is a 50/50 joint venture between Sonae Indústria and Arauco.