New water-borne polyurethane resins were produced using maleinized monoglyceride (MMG), hydroxyl-terminated polybutadiene (HTPB), toluene di-isocyanate, and ethylene diamine (EDA). Maleinization was performed in order to insert hydrophilic groups in the fatty acid residues, which were then inserted to the backbone of polyurethane. The MMG was mixed with HTPB in different proportions, and the mixture was used as the polyol part of water-borne polyurethane resin. It was then reacted with toluene di-isocyanate, and the isocyanate end groups were blocked with methyl ethyl ketoxime (MEKO). The ratio of MMG to total polyol was changed between 40 and 70 mol%, while the [NCO]/[OH] ratio was kept at 1.5 in all samples. The carboxylic acid groups of MMG were then neutralized with triethyl amine. The formation of ionic groups imparts water dispersibility. Chain extension was performed by adding EDA and baking at 125 degreesC. Hardness, adhesion, impact resistance, bending, and abrasion resistance tests were applied to the specimens. The samples exhibited good physical and mechanical properties. (C) 2003 Elsevier B.V. All rights reserved.