Confirms P&G's Commitment to Sustainable Innovation. Accelerates LS9's Entry into the Consumer Product Chemicals Market
South San Francisco, CA (PRWEB) -- LS9, Inc., the Renewable Petroleum Company™, today announced a new strategic partnership with Procter and Gamble (NYSE: PG), one of world's largest consumer products companies. This new partnership supports the joint development and commercialization of LS9 technology to produce key chemicals used within the P&G portfolio of consumer products.
In adopting LS9's technology, P&G will employ one of the cleanest and most efficient technologies available to produce chemicals for consumer products. LS9's revolutionary technology converts renewable materials into high-value, low-carbon, cost effective fuels and chemicals. The partnership demonstrates P&G's commitment to sustainable innovations.
The partnership includes a multi-year collaboration that will accelerate the adoption of LS9's proprietary technology in the production of a broad portfolio of commercial products - including sustainable chemicals and renewable transportation fuels.
"P&G is an ideal partner for LS9," said Bill Haywood, CEO of LS9. "By joining LS9's technology with P&G's market reach, the partnership will accelerate the delivery of sustainable, low-carbon, high-value chemical products into the world market."
P&G has had a long-term commitment to responsible growth and has made continued progress toward achieving its established sustainability goals. The company recently announced significant increases in its 2012 sustainability goals.
"P&G has a proven track record in the commercialization of sustainable innovations such as LS9's sustainable chemicals technology," said Len Sauers, vice president of global sustainability at P&G.
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