“The growth in ingredients from natural renewable feedstocks is exciting,” says Theodore Butz, president and CEO of Renessenz parent company, Pinova Holdings. “Feedstock volatility is a big issue for many F&F players and we are actively developing solutions that reduce this volatility while still in a renewable form.” With feedstocks coming from byproducts of other industries including citrus processing and paper production, terpene producers are in a good position to address these concerns.
“More than 90% of the sales in our company are based on renewable materials,” says Butz. “Sustainability is growing by leaps and bounds. We have a lot of customers who are very demanding in this area, and we’re setting a lot of our agenda on helping them.”
A Changing Terpene Business
Renessenz’s history stretches back 101 years to the foundation of Standard Turpentine Co., which then focused on the naval stores industry. Subsequently the company operated under a number of names, including SCMGlidden, Millennium Chemicals and LyondellBasell until it was acquired by Torquest and placed under Pinova Holdings, a sister company to Pinova Inc. Renessenz is one of the largest F&F ingredient houses based on natural renewable feedstock and is focusing on innovation and sustainability, particularly in the elimination of impurities and excess waste water.