PolyOne Corporation Announces an Exclusive License Agreement with Battelle for Bio-Plasticizer...

PolyOne Corporation Announces an Exclusive License Agreement with Battelle for
Bio-Plasticizer Technology

AVON LAKE, Ohio, Aug. 5 /PRNewswire-FirstCall/ -- PolyOne Corporation
(NYSE: POL), a premier provider of specialized polymer materials, services and
solutions, announced today that it has entered into an exclusive license
arrangement for a series of bio-based plasticizer technology patents owned by
Battelle.
The global market for plasticizers is approximately $11 billion annually,
with 90% of all production consumed in vinyl-based formulations. Specialty
plasticizers currently account for about 20% of the market. PolyOne will seek
to develop differentiated specialty plasticizer and vinyl compound offerings
based in part on the technologies covered by these patents.
"The world is looking for bio-based alternatives to materials
traditionally derived from petroleum-based feedstock. The Battelle plasticizer
technology, which was developed with early stage funding from Ohio Soybean
Council as part of their strategic thrust to create new industrial markets for
soybeans, shows great promise as a path to commercially viable renewable
plasticizers," said PolyOne's Rob Rosenau, senior vice president and general
manager, Geon Performance Polymers.
PolyOne is a global leader in compounding and formulation and is committed
to expanding its position in specialized technologies that enhance the overall
sustainability of its customers and the global community. PolyOne has
specialty plasticizer manufacturing operations in Orangeville, Ontario and St.
Remi, Quebec, Canada.
About PolyOne Corporation
PolyOne Corporation, with annual revenues of more than $2.7 billion, is a
premier provider of specialized polymer materials, services and solutions.
Headquartered outside of Cleveland, Ohio USA, PolyOne has operations around
the globe. For additional information on PolyOne, visit our new Web site at
www.polyone.com
About Battelle
Battelle is the world's largest non-profit independent research and
development organization, providing innovative solutions to the world's most
pressing needs through its four global businesses: Laboratory Management,
National Security, Energy Technology, and Health and Life Sciences. It
advances scientific discovery and application by conducting $4 billion in
global R&D annually through contract research, laboratory management and
technology commercialization. Headquartered in Columbus, Ohio, Battelle
oversees 20,400 employees in more than 120 locations worldwide, including
seven national laboratories which Battelle manages or co-manages for the U.S.
Department of Energy and the U.S. Department of Homeland Security. Battelle
also is one of the nation's leading charitable trusts focusing on societal and
economic impact and actively supporting and promoting science and math
education.
SOURCE PolyOne Corporation

David Honeycutt, Director of Marketing Communications, PolyOne Corp.,
+1-440-930-3154, david.honeycutt@polyone.com; Katy Delaney, Public Relations
Manager, +1-410-306-8638, delaneyk@battelle.org, or T.R. Massey, Media
Relations Specialist, +1-614-424-5544, masseytr@battelle.org, both of
Battelle