Dutch biochemical company Avantium joined forces with South Korea-based R&F Chemical to boost its Catalysis business in the region. “South Korea – Avantium said in a note – has a highly-advanced technology and chemical sector, and several established national research facilities offering the perfect environment for Avantium’s Catalysis business with a strong focus on catalysis research”.
Avantium, the Dutch forerunner in renewable chemistry, locates a new pilot biorefinery at Chemie Park Delfzijl, in the Netherlands. Avantium and chemical giant AkzoNobel have signed a contract for the pilot plant accommodation and the supply of various facilities and services. The pilot plant will validate the technical and economic feasibility of Avantium’s Zambezi process, which aims to convert woodchips and other second generation biomass into raw materials for the chemical industry. This is an essential step in scaling up the technology from lab to commercial operations.
The European bioeconomy takes another step forward thanks to the successful initial public offering of Avantium which raised €103 M on Euronext Amsterdam and Euronext Bruxelles. Sofinnova Capital VI – Sofinnova Partners states – remains the main shareholder after the IPO. The initial public offering was multiple times oversubscribed.
Avantium, a leading chemical technology company and forerunner in renewable chemistry, partnered with AkzoNobel, Chemport Europe, RWE and Staatsbosbeheer for the development of a reference plant at the Chemie Park Delfzijl. This important step marks the next stage of a collaborative effort to determine the feasibility of a wood to chemicals biorefinery in Delfzijl.
Avantium, the Dutch leading chemical technology company and forerunner in renewable chemistry, has acquired the assets of Liquid Light Inc., a renowned developer of electrochemical processes. Liquid Light has developed proprietary process technology to make major chemicals from low-cost, globally-abundant carbon dioxide (CO2). The acquisition combines the technologies of both Liquid Light and Avantium to develop a world leading electro-catalysis platform and to commercialize new process technologies using CO2 as feedstock to produce sustainable chemicals and materials. The integration of the Liquid Light assets into Avantium is complete and effective immediately. Financial details of the transaction were not disclosed.
BASF and the Dutch leading chemical technology company Avantium yesterday announced that they have established a joint venture (JV) called Synvina for the production and marketing of furandicarboxylic acid (FDCA) produced from renewable resources (fructose from plants as feedstock rather than conventional oil derivatives), as well as marketing of polyethylenefuranoate (PEF), based on this new chemical building block.
Toyobo, one of Japan’s top makers of fibers and textiles, and Avantium, a Dutch scale-up renewable chemicals company that develops and commercializes a next generation biobased chemicals and bioplastic, yesterday announced their partnership on PEF polymerization and PEF films. The two companies have jointly developed thin films made from PEF, a 100% biobased plastic based on Avantium’s proprietary YXY technology for the production of FDCA.
The German chemical giant BASF and the Dutch leading chemical technology company Avantium today announced that they have signed a letter of intent and entered into exclusive negotiations to establish a joint venture (JV) for the production and marketing of furandicarboxylic acid (FDCA) produced from renewable resources, as well as marketing of polyethylenefuranoate (PEF), based on this new chemical building block.
The bioeconomy is innovation, the result of the skills and passion of researchers and managers able to create value and new high-qualified jobs. At the end of 2014 Il Bioeconomista launched a new initiative: The 10 Most Innovative Bioeconomy CEOs. We ask a panel of world bioeconomy experts to tell us the Chief Executive Officers that have stood out as the most innovative during the last year.
This is the result in 2015:
Avantium, a Dutch scale-up renewable chemicals company that develops and commercializes a next generation biobased chemicals and bioplastic, signed an agreement with Mitsui & Co. to commercialize 100% biobased chemicals FDCA (furandicarboxylic acid) and PEF (polyethylene furandicarboxylate) in Asia. As part of this agreement, Mitsui has been granted a right to pu rchase a sizable volume of FDCA from the first commercial FDCA plant to be constructed by Avantium.