Summit Cosmetics Corporation Announces Expansion of Green Portfolio; signs global distribution agreement with NXTLEVVEL Biochem

NEW YORK, January 20, 2022 /PRNewswire/ — Summit Cosmetics Corporation (SCC), a global developer and marketer of cosmetic ingredients, today announced the signing of a global distribution agreement with NXTLEVVEL, a commercial-scale manufacturer of chemical derivatives of next-generation biomass, for the distribution of its NXT SOLV product line for the beauty and personal care industry. The agreement is for five years and grants sales rights to SCC and its sister cosmetics companies, all of which are Sumitomo Corporation group companies.

The products included in the agreement are:

NXT SOLV 120
NXT SOLV 220
NXT SOLV 320
NXT SOLV 420

“This partnership with NXTLEVVEL will allow us to diversify our existing portfolio to better meet consumer and customer demands as the industry – and the world – seeks more sustainable solutions and technologies,” said Shohei Shibukawa, Global Chairman and CEO of Summit Cosmetic Corporation.

NXTLEVVEL has developed state-of-the-art technology in the field of bio-solvents based on levulinic acid. These affordable bio-based chemicals are key to reducing dependence on fossil fuels and will play a vital role in reducing carbon emissions. As an alternative to traditional solvents, NXTLEVVEL’s products offer exceptional benefits for personal care formulations, while meeting the needs of environmentally conscious consumers and adding value to brand owners. Benefits of NXTLEVVEL bio-solvents include:

  • Ability to dissolve a wide range of active ingredients
  • Allow increased concentration of active ingredients
  • Enables high water loading for moisturizing formulations by incorporating water into anhydrous systems
  • Increases ethanol solubility, while maintaining clarity
  • Enhances natural formulations by reducing oiliness, providing a dry, silky feel

“I am very pleased that NXTLEVVEL and SCC are entering into a relationship to promote our range of bio-based solvents in the beauty and personal care industry by leveraging the strength of our technology as well as the reach and relationships SCC’s Worlds,” commented Aris of Rijke, CEO of NXTLEVVEL Biochem. “This agreement will allow our product line to access new markets and customers who will be able to benefit from our innovative bio-based solutions.”

SCC and its sister companies are part of an integrated network in which each company brings its regional and technical expertise to the group. Together, they offer a diverse portfolio of ingredients and innovation-based support to the beauty and personal care industry. This network allows each company to deliver locally while leveraging the group’s global reach and resources. SCC’s partnership with NXTLEVVEL is a direct result of the benefits of this network.

About SCC

SCC, a Sumitomo Corporation group company established in October 2019, specializes in the cosmetics ingredients business relying on its personal care ingredients distribution network base in United States (Presperse), Brazil (Cosmotech), France (SACI-CFPA), Germany (EPS), China (SC China) and Mexico (SC Mexico) and is engaged in the development and sale of products. It also provides comprehensive services to the global personal care industry by bringing innovation and operational excellence to its customers with the highest ethical standards. For more information visit: www.summitcosme.com.

About NXTLEVVEL

A private company headquartered in The Netherlands, NXTLEVVEL is a commercial-scale manufacturer of next-generation biomass-derived chemicals. A joint venture created in 2018, NXTLEVVEL brings together the industrial expertise of the Towell Engineering group (Sultanate of Oman) with state-of-the-art technology developed by GFBiochemicals. GFBiochemicals was founded in 2008 and holds 200 patents for its world-leading proprietary technology in levulinic acid-based biosolvents, polyols and plasticizers. Levulinic acid is considered a key biobased element that allows the production of a wide portfolio of derivatives. For more information, visit www.nxtlevvel.com.

SOURCE Sumitomo Corporation of Americas

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