SOURCE: Novomer

January 16, 2008 12:08 ET

Senator Charles Schumer Tours Novomer

Senator Schumer's Visit Emphasizes New York's Commitment to Innovation

ITHACA, NY--(Marketwire - January 16, 2008) - Novomer Inc., a materials company pioneering a family of high-performance, biodegradable plastics, polymers and other chemicals from renewable substances such as carbon dioxide, today announced that Senator Charles Schumer has toured the company's facility, located in Ithaca, NY. Senator Schumer's visit included a tour of the South Hill Business Campus, where Novomer is located, as well as a walk-through and introductory explanation of Novomer's eco-plastics operations.

"Novomer is a real gem of environmental innovation in Upstate New York," said Senator Schumer. "My tour of the South Hill Business Campus was terrific. It reaffirmed the fact that the facility's eco-plastics operations are truly cutting-edge and will help keep the Southern Tier as an active, innovative participant in energy and environment reform."

The world will consume 300 million more pounds of plastic this week than it did last week, a fact that makes Novomer's progressive new technology a growing necessity. Based on the discoveries of Dr. Geoffrey Coates and his research group at Cornell University, Novomer creates sustainable materials by using carbon dioxide and carbon monoxide as inexpensive feedstocks, rather than using valuable and expensive food resources.

"We were pleased to welcome Senator Schumer to Novomer and the South Hill Business Campus," said Charles Hamilton, President of Novomer. "As a long-time advocate for energy and environmental reform policies, we are proud to have Senator Schumer's support for Novomer's innovative technology."

About Novomer -- Catalyzing Precision Eco-Plastics

Novomer ( is a revolutionary new materials company pioneering a family of low-cost, high-performance, green plastics, polymers and other chemicals. Founded in 2004 by technology commercialization firm KensaGroup, Dr. Geoffrey Coates and Dr. Scott Allen, the company is based on pioneering catalysts developed at Cornell University. Novomer's groundbreaking technology allows carbon dioxide and other renewable materials to be cost-effectively transformed into polymers, plastics and other chemicals for a wide variety of industrial markets.

Novomer's board of directors includes Tony Eisenhut of KensaGroup, Professor Jean Fréchet of Physic Ventures, General Partner Jim Matheson of Flagship Ventures and former Dow Chemical Vice President Robert Pangborn.

Novomer, based in Ithaca, New York, has been highlighted by the BBC, CNN, Dow Jones, Forbes, the New York Times and WIRED.

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