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The collaboration aims to further develop the conversion of green hydrogen and CO₂ into e-methanol through an advanced, dynamic process design.

The new board will elevate the company's research, innovation, and industry leadership capabilities.

The high double-digit million euro agreement is the basis for all future business relationships that exist between the two companies in many different areas, enabling much faster and easier collaboration.

The two appointments include a new Senior Vice President, Industrial Coatings, and a new Senior Vice President, Automotive Coatings. 

Current CEO Wilfrid Gambade will now become Advisor to the Board of Directors.

Real-world performance data compiled from ships applied with AkzoNobel's International® brand Intersleek® 1100SR shows the coating has slashed ship fuel bills. The product is a biocide-free fouling control coating featuring patented slime-release technology that tackles micro-fouling on ships’ hulls.

After record-high fourth quarter net sales, full-year highlights also include record sales of $18.2 billion; aided by 3% organic sales growth.

For the full year, sales grew to a record $23.05 billion with a consolidated net sales increase of 4.1%.

The previous CEO, Heiner Klokkers, has left the company. Two long-standing top managers are moving up to the management of the holding company.

In a report released by ResearchandMarkets, the PU coatings market was valued at $18.26 billion in 2022 and is anticipated to grow with a CAGR of 5.21% through 2028.