PR96283

NEWARK, Del., June 1, 2022 /PRNewswire=KYODO JBN/ --

Covation Biomaterials, a leading global company offering bio-based solutions,

launched today as an independent business, following the acquisition of DuPont

Biomaterials by the Huafon Group.

Logo - https://mma.prnewswire.com/media/1827882/Covation_Biomaterials_Logo.jpg

Proudly combining decades of world-class science and engineering expertise with

new investment and manufacturing capabilities, Covation Biomaterials is

creating the sustainable building blocks for customers to make innovative and

high-performance, bio-based products accessible globally.

"As a supplier of bio-based materials solutions, we are an important gateway

into a more circular economy. Sustainable supply chains must begin with

sustainable materials and our science allows our customers to end their

overreliance on petroleum," said Michael Saltzberg, CEO - Covation Biomaterials.

"By collaborating with forward-thinking value chain partners and brands

globally, we will continue to push the boundaries of innovation and

sustainability to deliver high-performance biomaterials at scale. We are

thrilled to be joining the Huafon Group, a highly successful materials company

that is uniquely positioned to expand the reach of our current products and

help us accelerate the introduction of new offerings and technologies to the

market," Michael said.

Covation Biomaterials improves product performance, protects the environment

and partners to turn passion into progress. Together, Covation Biomaterials and

its customers find new ways to use science and engineering to meet the growing

global demand for sustainable materials today and in the future. The new

company builds on a decades-long legacy and successful suite of products

currently available in the market, including:

    -- Sorona(R), a partially bio-based polymer that answers the global call

       for sustainably sourced carpets and fabrics, bridging the personal and

       societal at a defining moment in our ecological stewardship. Sorona(R)

       is ideal for creating attractive, high-performance apparel and soft,

       durable carpeting;

    -- Susterra(R),a 100% plant-based, high-performance building block that

       reduces the need for petroleum-based components while enhancing

       end-product attributes. Its applications range from footwear and

       outdoor apparel to coatings, inks and functional fluids; and

    -- Zemea(R), a plant-based and biodegradable material that helps brands

       reach sustainability goals without compromising quality or performance.

       Available in multiple formulations, Zemea(R) meets exacting standards

       in a variety of high-volume markets, from personal care and home care,

       to pharmaceuticals, to enhancing flavors and foods.

Covation Biomaterials has a rich product pipeline of exciting bio-based

solutions that it will bring to the market.

"We have long admired the work by this team of biomaterials scientists and

developers, who are developing industry-leading, sustainable materials

available at scale," said Feifeng You, vice president - the Huafon Group and

Chairman of the Board - Covation.

"The addition of Covation Biomaterials to the Huafon Group will bring bio-based

materials to an even larger global customer base and drive the materials sector

toward a sustainable future. We are excited for the bright future of this

business," Feifeng said.

About Covation Biomaterials

Founded in 2022, in Newark, Delaware, Covation Biomaterials is a leading global

innovator offering a product portfolio of high-performance, sustainable

solutions.  The company builds on its rich DuPont legacy of groundbreaking

scientific innovation and continues to deliver novel solutions at scale across

multiple industries, including apparel, carpeting, cosmetics, food and

packaging. Through product lines such as Sorona(R), Susterra(R) and Zemea(R),

the mission of Covation Biomaterials is to deliver the sustainable building

blocks that will enable customers to provide bio-based products accessible to

everyone.

About the Huafon Group

Founded in 1991, headquartered in Ruian, China, Huafon Group has been

innovating to provide new material solutions globally in multiple industries by

promoting sustainability, safety, technology and quality. Huafon Group is one

of the largest manufacturers of polyurethane (PU) materials in the world with

broad product portfolio in adipic acid, polyester polyols, spandex filament,

microfiber material, TPU, polyamide etc. By 2021, Huafon Group has more than

14,000 employees and owns multiple subsidiary companies globally in chemical,

metals, finance, logistics, information technology and trade.

Covation, Covation Biomaterials, Sorona(R), Susterra(R), and Zemea(R), are

trademarks of Covation Biomaterials LLC or its affiliates. For more information

about Covation Biomaterials, please visit CovationBio.com and follow us on

LinkedIn

Huafon is a trademark of Huafon Group. Co., Ltd. or its affiliates. For more

information about Huafon Group, please visit Huafeng.com

Contact:

Alexa Raab

Alexa.raab@covationbio.com

SOURCE  Covation Biomaterials