OSLO, NORWAY - 03 May, 2024 - Sustainable biochemicals company Circa Group AS
(stock symbol: CIRCA) and IXOM Operations Pty Ltd, a market leader in water
treatment and chemical distribution in Australia and New Zealand, have entered
into a collaboration agreement to develop the market for CyreneTM, Circa's
sustainable, bio-derived industrial solvent, in the ANZ region. This
collaboration aims at developing the business in the region through IXOM
channels and ultimately to enter into a supply and distribution agreement.
"This collaboration is an important step forward to serve customers in Australia
and New Zealand where IXOM's expertise and leadership will contribute to
position CyreneTM with customers and applications that have a strong drive to
replace traditional solvents." said Circa VP Product Development, Alessandro
Napoli. "We intend to jointly move into a formal supply and distribution
agreement as soon as conditions are met."
"IXOM is very pleased to bring CyreneTM to our customers in Australia and New
Zealand," said Paul Griffiths, IXOM Business Manager - Agriculture, Pulp & Paper
ANZ. We anticipate growing interest in sustainable, bio-derived solvent options,
and we look forward to working with Circa to grow this market."
CyreneTM is a bio-based solvent that demonstrates circularity, sustainability,
and safety at every stage of its life cycle. From fossil-free non-food feedstock
to its recyclability and biodegradability, it is a safer and more sustainable
alternative to traditional petroleum-based solvents.
About Circa
Established in 2006, Circa Group converts waste, non-food biomass into advanced
bio-based chemicals with its proprietary FuracellTM process. Its developing
product portfolio includes flavours, biopolymers, and bio-solvents including
CyreneTM. By creating renewable chemicals from cellulose, Circa is extracting
value from non-food, surplus biomass and contributing to industry as it
transitions to a more circular and decarbonised economy. Circa Group is listed
on the Euronext Growth Market in Oslo, stock symbol CIRCA.
www.circa-group.com
About IXOM
Drawing on over 100 years of heritage, IXOM is an established and trusted
industry leader in water treatment, manufacturing, and chemical sourcing. Backed
by an unmatched network of manufacturing and supply chain assets, IXOM delivers
products, services, and solutions to solve customers' challenges and keep
communities safe. IXOM is headquartered in Melbourne, Australia with operations
in ten countries.
www.ixom.com
Investor Contact Circa Group
Tone Leivestad, Chief Financial Officer
Circa Group AS
tone.leivestad@circa-group.com
Tel: +47 406 39 455
Media Contact
Kathryn Sheridan
Sustainability Consult
ks@sustainabilityconsult.com