Joint VentureApr 21, 2026, 08:02 AM
CitroTech & Hexion Form HexiTech LLC for Fire-Retardant JV
AI Summary
CitroTech Inc. and Hexion Inc. have established HexiTech LLC, a new joint venture, on April 17, 2026. This 50/50 partnership aims to develop, manufacture, and commercialize products using CitroTech's fire-retardant intellectual property, leveraging Hexion's manufacturing and commercialization expertise. The LLC will be managed by a board with equal representation, and members are required to fund capital contributions pro rata.
Key Highlights
- CitroTech Inc. and Hexion Inc. formed HexiTech LLC on April 17, 2026.
- HexiTech LLC is a 50% owned joint venture by both companies.
- The JV will develop and commercialize products using CitroTech's fire-retardant IP.
- Management includes one designee from each member and an independent manager.
- Members are required to fund capital contributions on a pro rata basis.