Itaconix PLC CEO John Shaw talked with Proactive's Stephen Gunnion about the company’s record performance in the first half of 2025, with revenues rising 73% year-on-year. Shaw detailed the company’s progress across its three core business areas and highlighted Itaconix’s positioning as a specialty ingredients company with growing momentum.
In the Performance Ingredients segment, revenue doubled in Europe, bolstered by recurring orders from major customers. North American sales also diversified, supported by purpose-driven brands. The company also extended its supply agreement with Croda, strengthening its position in the odour neutralisation segment.
Discussing SPARX formulated solutions, Shaw noted new collaborations with North American brands in the laundry and automatic dish detergent markets, specifically through innovations in detergent tablets linked to the company’s partnership with Bonals.
A significant development came with the launch of the BIO*Asterix e-commerce platform, initiating sales of plant-based building blocks for research purposes. “We started Itaconix’s growth journey in specialty plant-based building blocks with the launch of our BIO*Asterix e-commerce site,” Shaw said.
Despite a volatile trading environment, Shaw said raw material supplies and profitability remained steady. Looking ahead, the company is building inventory and improving production efficiency in anticipation of future demand, while also exploring options for its long-term production footprint.
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