September 29, 2020 - CelluForce is pleased to announce the signature of a commercial agreement that will generate multi-million-dollar sales over 10 years.
The deal, signed with a multinational company in the cosmetics sector, will require the construction of a new, larger-capacity plant in the near future.
Under the terms of the agreement, the multinational customer is granted a worldwide exclusivity for the commercialization of CNC-based cosmetics products. A first application is already being launched and will generate a gradual increase in sales over the period of the contract. The partnership will also allow the development of other applications to generate additional revenues.
Greener and more efficient products, thanks to CelluForce NCC®
The use of CNC in cosmetic applications allows for more environmentally friendly and more efficient products. For example, CNC is already used by several hydroalcoholic gel producers as a biodegradable gelling agent. CelluForce NCC® comes from a 100% natural source with a PEFC certification (certifies sustainable forest management).
"We are very proud of this new agreement since it confirms manufacturer’s interest in CNC as an ingredient of choice for the development of sustainable and efficient products. It also demonstrates the high level of expertise developed by the CelluForce teams over the past few years and their full commitment to supporting customers in the development of new products. It consolidates CelluForce's position as a world leader in commercial CNC production", states Sébastien Corbeil, CelluForce's President and CEO.
What is CelluForce NCC®?
CNC is an advanced biomaterial that consists of infinitely small cellulose crystals that are extracted from wood and processed into a powder or a liquid suspension. CNC has several intrinsic and exceptional properties and can be used in various products to improve strength, barrier properties, lubrication, suspension and viscosity in the development of applications for new industrial or consumer products.
CelluForce work closely with customers and producers around the world to develop and test new industrial applications using cellulose nanocrystals. CNC-based products are now commercialized by CelluForce’s customers in oil and gas, 3D printing, adhesives, packaging and cosmetics.
CelluForce is the world leader in the development and production of Cellulose NanoCrystals (CNC), an advanced biomaterial extracted from wood and commercialized under the CelluForce NCC® brand. The company's head office is in Montreal and its current shareholders are Domtar (NYSE: UFS), Schlumberger (NYSE: SLB), Suzano (NYSE: SUZ), FPInnovations, and Investissement Quebec. CelluForce operates the world's largest CNC plant in Windsor, Quebec, capable of producing 300 tonnes per year. Natural Resources Canada, Sustainable Development Technology Canada (SDTC) and the Quebec government's Department of Forests, Wildlife and Parks (MFFP) have been financially supportive of the innovation and creativity that are the backbone of CelluForce which currently controls an extensive intellectual property portfolio related to CNC. The company's mission is to harness the power of nature to create better products.