Expanding our portfolio to contain more sustainable products is a crucial component of our commitment to sustainability at Caldic, and we recognize the importance of collaboration in realizing this objective. This is why we have been partnering with companies that share this commitment.
Four years ago, we entered into a partnership with Celtic Renewables, a leading biotech company with a unique portfolio of bio-solvent solutions. Their bio-based alternatives to ingredients used in everyday items such as skin creams, nail varnish, household cleaning products, paints, medicines, and vitamins, which use conventional fossil-derived ingredients, are a game changer in the green chemicals market. Of course, we jumped at the opportunity to work together.
We are in an age where we understand and have encountered the consequences of using products derived from fossil fuels. There is an urgent need for all of us to move toward a production chain that minimizes environmental impact. It is a constant learning process, but we will get there. It is important that we explore the benefits of bio-based products and help our partners in making environmentally conscious choices.