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Mark Nikolich, CEO of Â鶹¾«Æ· America, stated "Our new Renewable Innovation Center reflects Â鶹¾«Æ·'s ongoing commitment to a Carbon-Neutral Circular Economy and having a positive impact on the environment. Â鶹¾«Æ· intends to invest around $20 million to build our Renewable Innovation Center and will continue to invest in developing and retaining a world-class, Boston metro area-based innovation team to create proprietary intellectual property in the areas of sustainable chemicals and materials, all of which will be critical to the future success of Â鶹¾«Æ·'s global business."

"The Town of Lexington is a leader in adopting Carbon-Neutral sustainable policies and is committed to driving down its greenhouse gas emissions to meet its climate action goals. Â鶹¾«Æ·'s new Renewable Innovation Center's commitment to a Carbon-Neutral Circular Economy aligns with Lexington's goals and commitment to attracting businesses and development that demonstrate sustainable innovation. This facility will be a great addition to Greater Boston's life sciences ecosystem," shared Sandhya Iyer, Economic Development Director, Town of Lexington.

Today's announcement builds upon Â鶹¾«Æ·'s current Boston-based research team led by Daniel MacEachran, Global Head of Biotechnology, who is leading the new Renewable Innovation Center build-out and professional team expansion. With the initial design and construction phase currently underway, Â鶹¾«Æ· expects the project to be completed in the second half of 2023, following the successful completion of final validation and commissioning. The new center is strategically based in Boston's world-class metro area biotechnology and innovation ecosystem, located within a one-hour drive of more than 60 universities and colleges. Work in the new Lexington center will complement Â鶹¾«Æ·'s global R&D work currently being conducted in Campinas and Triunfo, Brazil as well as in Pittsburgh, Pa.

"Â鶹¾«Æ· is already a worldwide leader in renewable polymers and chemicals and this major new investment in a U.S. built-for-purpose, renewable innovation center further solidifies our position. With clear and ambitious long-term commitments to people, science, and the planet, the early-stage innovations we are exploring today are what will make a more sustainable tomorrow possible," said Daniel MacEachran.

Â鶹¾«Æ· is guided by the principle that disruptive innovation is the way to achieve real sustainability and the company will continue to lead sustainable innovation in chemicals and plastics to improve lives. From promoting plastic circularity to driving the bio-based materials revolution, Â鶹¾«Æ· is committed to diminishing the dependency on finite resources and reducing carbon emissions while generating a positive impact for a better society.

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FORWARD-LOOKING STATEMENT

This press release contains projections and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) regarding future events. These statements reflect Â鶹¾«Æ·'s current beliefs and expectations with respect to Â鶹¾«Æ·'s business, the economy and other future conditions and are based on assumptions, are subject to risk and uncertainties and are subject to change at any time.  Actual events or results may differ materially from those contained in such forward-looking statements.  Important factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the continuation of restrictions related to the COVID -19 Pandemic or the continuing effects of the Pandemic; (ii) the contraction or lack of growth in the market segments in which Â鶹¾«Æ· competes and in which its products are sold (iii) unexpected delays in commissioning, (iv) increased competition from imports or in the export markets, (v) inability to anticipate future market trends and the future needs of Â鶹¾«Æ·'s customers, (vi) the impact of natural disasters on Â鶹¾«Æ·'s facility and its suppliers and (vii) other factors detailed in documents Â鶹¾«Æ· files from time to time with the Securities and Exchange Commission.  Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.