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Itaconix PLC

Itaconix - Gaining global reach

Itaconix PLC (LON:ITX) designs and manufactures functional polymers for applications in consumer and industrial products. The company creates new products through its proprietary polymerisation process that uses Itaconic acid, which is a bio-based building block produced by fermentation using corn as a source of sugar. There are three major areas of commercial focus in the 2019-2020e timeframe: non-phosphate detergents, odour control, and hair-care.

Following a deal announced with Nouryon on 28 February in the hair-care and personal care space, Itaconix now has global blue-chip players as commercial partners across all three of the focus product areas. In this report, we examine the three focus areas, the scale of those market opportunities, and the revenue potential for Itaconix through to 2021e.

Executive summary

Looking further forward, Itaconix has a vast addressable market with product segments adding up to many US$ billions. In this report, we consider the potential growth trajectory for Itaconix and the implications for share valuation. We believe that 2019 represents an important year in terms of validating the growth strategy and demonstrating the long-term value potential of the company's polymer technology.

Quick facts: Itaconix PLC

Price: £0.02

Market: AIM
Market Cap: £4.58 m
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What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Itaconix looking to scale the business now the foundations are in place

Itaconix Plc (LON:ITX) CEO John Shaw talks Proactive London's Andrew Scott through the firm's first half 2019 trading update. Revenues grew 59% year-on-year in the period while underlying losses to narrowed significantly. Importantly for a company in the early stages of its commercial...

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