Avantium was recognised in the distinguished Global Cleantech 100 list and awarded as company of the year in Europe and Israel. The company, which is a spin-out from Royal Dutch Shell and is headquartered in The Netherlands, was among a number of bio-based organisations, clearly demonstrating the power of innovation in the renewable chemical sector. The annual selection of 100 top cleantech companies is made from 6,000 companies from 60 countries.
“The Global Cleantech 100 represents the most inspiring array of entrepreneurs across the cleantech space that are at the forefront of innovation,” said Sheeraz Haji, Cleantech Group’s CEO. “It is a true honour to gather with the global cleantech community every year to recognize and celebrate the achievements of each of the top 100 companies as they continue to solve tomorrow’s energy and resource challenges and redefine sustainable innovation.”
“The Global Cleantech 100 each year provides us with invaluable insight into which companies key market players think are most likely to have a significant impact in the next 5-10 years,” said Richard Youngman, Cleantech Group’s Managing Director, Europe & Asia, and creator of the program. “How the composition of the Global Cleantech 100 list changes over time is revealing of key megatrends and hot sub-sectors – and helps us all get a view on the future.”
“To be listed in the global Cleantech top 100 for the fifth consecutive year is a recognition of the continuous progress Avantium has made. Being awarded with the European Cleantech company of the year we believe is due to the tremendous potential of our YXY technology” said Tom van Aken, CEO of Avantium. “We have made enormous progress with the development and commercialization of PEF as the next generation plastic. On top of that we have achieved another important milestone, a $50M investment from Swire Pacific, and our development partners The Coca-Cola Company, Danone and ALPLA as well as our earlier investors. This investment makes it possible to proceed on our path to commercialize PEF, with the engineering and design of our first commercial plant as the next step.”
Avantium is a bio-based materials and packaging firm producing polyethylene furanoate (PEF), a bio-based alternative to PET. It is currently working with Coca-Cola to produce bottles from this material. One of the major investors in Avantium is Capricorn Venture Partners, a Belgian independent manager of venture capital and equity funds, investing in innovative companies with technology as a competitive advantage (it is also investor in Green Biologics and FRX Polymers). According to Jos B. Peeters, Managing Partner at Capricorn Venture Partners, “Being able to spot talent is essential for success in the cleantech sector. It is particularly rewarding for us when our portfolio companies’ success stories are recognised.”