Tag: Avantium

Avantium awarded $6.6M EU grant to accelerate its technologies

Avantium awarded $6.6M EU grant to accelerate its technologies

September 7, 2019 |

In the Netherlands, Avantium N.V. is awarded €6 million (about $6.6 million) as part of a SPIRE grant to accelerate its Dawn (new biorefinery process) and Mekong (novel catalytic process for plant-based MEG) technologies in addition to utilizing its expertise in Catalysis. SPIRE, part of Horizon2020, is the European subsidy programme to facilitate the region’s […]

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Avantium reports progress towards commercialization, $3.3M grant

Avantium reports progress towards commercialization, $3.3M grant

August 25, 2019 |

In the Netherlands, technology development and renewable chemistry company, Avantium N.V. reported in its 2019 half year results that the “company is progressing its technologies towards commercialization.” In particular, their most advanced technologies – Mekong and Dawn – are progressing towards commercialization thanks to €3 million (about $3.3 million) in European Union grants that were […]

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Avantium CFO Frank Roerink to step down at the end of 2019

Avantium CFO Frank Roerink to step down at the end of 2019

July 14, 2019 |

In the Netherlands, Avantium’s CFO and member of the Management Board, Frank Roerink, will leave the company at the end of 2019. He will continue to fulfill his responsibilities for the remainder of the year. This allows the company to start looking for a successor. Kees Verhaar, Chairman of the Supervisory Board, said, “As Avantium […]

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Avantium awarded nearly $1.5M for providing sugar streams from nonfood feedstock

Avantium awarded nearly $1.5M for providing sugar streams from nonfood feedstock

June 30, 2019 |

In the Netherlands, Avantium N.V. has been awarded €1.3 million (almost $1.5 million) for its Dawn and Mekong Technologies from the Bio Based Industries Joint Undertaking (BBI JU) under the European Union’s Horizon 2020 research and innovation program. The consortium, coordinated by Avantium, works on developing 100% plant-based chemicals produced from renewable raw materials. The […]

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Avantium retakes full ownership of plants-to-plastics technology

Avantium retakes full ownership of plants-to-plastics technology

January 28, 2019 |

In the Netherlands, Avantium has retaken full ownership of its YXY plants-to-plastics technology through the purchase of BASF’s shares in the Synvina joint venture. Avantium has appointed Marcel Lubben as Managing Director of Synvina to lead the commercialization of the YXY technology, effective February 1, 2019. Synvina has become a new business unit of Avantium, […]

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Plastics proliferation transitioning to bioplastics boost

Plastics proliferation transitioning to bioplastics boost

August 5, 2018 |

IHS Markit published a plastics report saying that the market value for biodegradable polymers exceeds $1 billion and will rise sharply by 2023 thanks to increased plastic regulations and bans in Western Europe. But it’s not just Europe that we are seeing bans on plastic. Multinational companies like Kraft, Starbucks, McDonalds, Marriott, Disney and more […]

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YXY Marks the Spot: The Digest’s 2017 Multi-Slide Guide to Avantium

YXY Marks the Spot: The Digest’s 2017 Multi-Slide Guide to Avantium

October 3, 2017 |

The company is now safely emerged from its celebrated IPO, and is embarked on the construction of the first commercial plant with its JV partner BASF — so, it’s a monster year for Avantium. Avantium’s YXY technology converts plant-based sugar into chemicals and plastics, including 2,5-furandicarboxylic acid, a precursor to the promising bioplastic polyethylene furanoate. […]

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Rockin’ PEFormance: €25M for Synvina-led consortium for biobased materials

Rockin’ PEFormance: €25M for Synvina-led consortium for biobased materials

June 11, 2017 |

In the Netherlands, a BBI subsidy of €25 million has been granted to “PEFerence,” a consortium consisting of 11 companies including Synvina, Avantium, BASF,  Tereos Participations (France), Alpla Werke Alwin Lehner GmbH & Co Kg (Austria), OMV Machinery Srl (Italy) and Croda Nederland B.V. (The Netherlands), Nestec Sa (Switzerland) Lego System As (Denmark), Nova-Institut für […]

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Just One Word. Plastics: The Digest’s 2017 Multi-Slide Guide to Avantium

Just One Word. Plastics: The Digest’s 2017 Multi-Slide Guide to Avantium

February 14, 2017 |

This week, we reported that bioplastics maker Avantium is planning an initial public offering and listing of all shares on Euronext Amsterdam and Euronext Brussels. The company expects to raise up to €100 million (USD$106 million) and complete the offering by the end of the current quarter. More than half of the offering has already been […]

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Avantium goes IPO: aims for €100 million in Amsterdam, Brussels Float

Avantium goes IPO: aims for €100 million in Amsterdam, Brussels Float

February 14, 2017 |

Here’s our 10-minute version of the filing, slightly re-organized to make sense to Earthlings instead of aliens from the Planet Prospectus. In the Netherlands, bioplastics maker Avantium is planning an initial public offering and listing of all shares on Euronext Amsterdam and Euronext Brussels. The company expects to raise up to €100 million (USD$106 million) […]

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