Arkema has acquired a 54% stake in PI Advanced Materials. The mutually beneficial agreement is expected to earn €30 million (EBITDA) over the next five years.
Cocoa pod husks, a waste product of chocolate manufacturing, contain lignin, a polymer that could be a renewable replacement for substances typically derived from petroleum.
The prize, awarded by the French Académie des sciences and financed by Arkema, rewards innovative chemistry research that offers solutions for responsible and sustainable development.