Rayonier Advanced Materials Inc. (NYSE: RYAM) announced today a strategic investment in Anomera Inc. Anomera produces the highest quality Cellulose Nanocrystals (CNC) in the world under the brand names DextraCel™, ChromaPur™ and ChromAllur™. Anomera’s products address a global market with greater than $8 billion of potential annual revenue. ChromaPur™ the Anomera patented microbead, can be used in a variety of areas, including the creation of a biodegradable micron sized powder replacing plastic and silica microbeads in personal care and cosmetics. Anomera’s DextraCel™ nanocrystals, three times stronger than titanium, provide benefits to core industries including cement, paints and coatings, composites, polyurethanes, adhesives as well as agriculture, medical, pharma and life sciences. ChromAllur™ presents new biodegradable technologies for color pigments in cosmetics and coatings. Anomera has head offices, applications lab, and product development lab in Montreal, Quebec. Anomera is currently constructing a Specialty Manufacturing Facility (“SMF”) at the Rayonier Advanced Materials’ High Purity Cellulose facility in Témiscaming, Quebec. The new facility, targeted to be operational this summer, will utilize RYAM’s cellulose specialties inputs as its critical feedstock and leverages its existing industrial infrastructure benefits on the site.

Anomera has recently signed a worldwide health and beauty segment distribution agreement for its cosmetic and personal care ChromaPur™ products with UK based Croda. Croda is a global leader in creating, manufacturing and selling specialty chemicals that deliver benefits to a range of diverse products including health and beauty, engine lubricants and plastics. Croda produces and distributes a billion dollars of personal care and cosmetic ingredients annually with sales, customer service and R&D facilities strategically located worldwide.

For additional information regarding Croda, please visit the following link: www.croda.com

“Anomera has been developing their CNC product since 2016. This platform technology has a broad potential of uses and can replace dangerous plastic/petrochemical/silica ingredients with a biodegradable renewable resourced material,” stated Howard Fields, CEO and President of Anomera. “We are excited to partner with Rayonier Advanced Materials, a leader in cellulose chemistry, to deliver breakthrough technology in cellulosics. We have a unique opportunity to create ingredients that are uniquely beneficial in everyday life, enhance industries and uniquely environmentally friendly.”

RYAM has been investing in Anomera since 2017. The most recent investment will in part enable Anomera to complete the building of the SMF and accelerate the growth the business. The investment includes both cash and in-kind services and increases RYAM’s stake in Anomera as its largest shareholder. The Company has invested a total of $8 million in Anomera through March 27, 2021 and expects to make additional investments at various times over the next five years. The Company has a 44 percent voting interest in Anomera. The Company will record its share of net earnings and losses on the investment in “Income (loss)” under the equity method of accounting.

“Building upon our leading knowledge of cellulose chemistry, our investment in Anomera provides a new platform to expand our knowledge into new areas,” stated Paul Boynton, President and CEO of Rayonier Advanced Materials. “Cellulosics from renewable trees have a unique opportunity to create remarkable alternatives to displace petroleum-based products. Anomera represents a new cellulosic technology platform for future growth.”

For additional information please visit the Anomera page on the Rayonier Advanced Materials website: https://rayonieram.com/anomera/