Biosynthetic Technologies acquires castor oil derivatives distributor Innoleo
Petrochemical

Biosynthetic Technologies acquires castor oil derivatives distributor Innoleo

Through this purchase, Biosynthetic Technologies will now add a comprehensive line of castor and other oleo derivatives to its existing Estolide technology portfolio

  • By ICN Bureau | January 11, 2022
Biosynthetic Technologies, LLC has announced the acquisition of Innoleo, LLC, a privately-held distributor of quality castor derivatives for grease, lubricants, metal-working fluids, coatings and personal care applications. Through this purchase, Biosynthetic Technologies will now add a comprehensive line of castor and other oleo derivatives to its existing Estolide technology portfolio. 
 
The following products listed will be available globally, effective immediately:
Castor oil
Neutralized castor oil
Pale pressed castor oil
Castor oil, USP grade
Hydrogenated castor oil
12HSA 12-hydroxy stearic acid
Stearic acid, 70%
Methyl 12-hydroxy stearate
n,n ethylene bis 12-hydroxy Stearamide
Sebacic Acid
Dimethyl Sebacate
Dibutyl Sebacate
Ricinoleic Acid
Sodium Ricinoleate
Methyl Ricinoleate
 
Alongside the quality commodity products listed above, Biosynthetic Technologies markets a new class of high-performance bio-based products based on its proprietary Estolide Technology, for the use in lubricants and metalworking fluids. These estolides are biobased, biodegradable, non-bioaccumulative, and non-toxic.
 
"Meeting our focus of innovations for a sustainable future , our new line of  commodity castor derivatives will create the perfect addition to our current Estolide product line. All products are highly suitable for the manufacture of Environmentally Acceptable Lubricants (EAL) formulations," said Dr. Matthew Kriech, COO of Biosynthetic Technologies and the new CEO of Innoleo, LLC.
 
"We are incredibly excited about this recent agreement with Biosynthetic Technologies, as this organization truly shares our goals and values for a sustainable future. The combined efforts of these companies, will enable us to reach even more customers around the world with our growing portfolio of renewable castor and other oleo derivatives, utilizing the broad network and geographic footprint of Biosynthetic Technologies," said Adele Savaiano, COO of Innoleo, LLC.
 
"These products are an excellent product line extension to BT's high-performance Estolides and specialty oleo derivatives. We now can offer the industry a full assortment of oleo product from very specialized to commodity," said Mark Miller, CEO at Biosynthetic Technologies. "The unique structure of castor oil offers interesting properties, making it appropriate for various industrial applications. Castor oil is valuable due to the high content of ricinoleic acid (RA), which is used in a variety of applications in the chemical, personal care and lubricant industries and provide a sustainable drop in replacement for many applications."

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