Avantium scores $3.22M EU grant to demo electrochemical conversion of carbon dioxide

In the Netherlands, Avantium N.V. has been awarded a €3 million grant by the EU Horizon Europe program for its participation in the 4-year research and development program WaterProof. This program aims to demonstrate the value of electrochemical conversion of carbon dioxide (CO2) into high-value chemicals and products. The €3 million grant will be paid out in tranches to Avantium over a period of four years.

The WaterProof program aims to demonstrate the full value chain of a closed carbon cycle. Under this program, Avantium will convert CO2, from wastewater purification and waste incineration into formic acid using its proprietary catalytic electrochemistry platform. This formic acid can then be used to make new consumer products. This project will demonstrate that competitive and profitable business opportunities can be created by turning CO2 into value-added products.

The WaterProof program will start in June 2022 under the coordination of Avantium. In addition to Avantium, the WaterProof consortium consists of eleven leading companies and knowledge institutes: Funditec (Spain), Tecnalia (Spain), Stichting Waternet (Netherlands), Ecover (Belgium), Nova Institut GmbH (Germany), Nordic Fish Leather (Iceland), Izes GmbH (Germany), Frames Renewable Energy Solutions BV (Netherlands), Coatema GmbH (Germany), HVC (Netherlands), CTA (Columbia). The consortium received at total an EU Horizon Europe grant of €9.2 million.