The sale includes both patents and know-how for technologies that produce bio-derived products for polymers and coatings.
These technologies lie outside Avantium’s strategic focus and will now be further developed by TNO.
Avantium has an extensive portfolio of renewable technologies focused on plant-based polyesters.
Recycling Plastics, UK Government Will Not Support Compostable Plastic, Plastic Pacts Mislead Consumers
The Company continuously assesses the best possible options for an innovation including its divestiture to a suitable party.
Zanna McFerson, Managing Director, Avantium Renewable Chemistries said: “This bioaromatics patent portfolio fits well into TNO’s development strategy.
Avantium will continue to support TNO in this area and can provide proprietary single flow testing equipment to accelerate TNO’s R&D efforts.”
Plastics in the Circular Economy
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12 June 2020 – Michigan Waste, Definitions, Greenpeace Malaysia, Tax and Voluntary Schemes, Shell Sustainable and Circular Plastics News
7 June 2020 – Industry 4.0, PEF, Perstorp, Timber and Chemical Recycling
5 June 2020 – Woodly, Plastic-Free Masks, Plastic Tax, UK & US Survey, Biodegradable War, Spain
3 June 2020 – Chemical Recycling Europe, Sustainability on Hold, Lyondellbasell, Ikea, Covestro
2 June 2020 – EU and Compostable Plastics, Biodegradable Additives, RWDC, Black Plastic, Oxo
1 June 2020 – Nestle, Denmark, Weather, Mitsui, Plastic Free July, Compost Shortage
31 May 2020 – Iowa, Zalando, Sabic, South Africa, Dow and Mondelez
29 May 2020 – China Scandal, Mitsubishi, Tyres, Flexible Packaging, Sargassum, Canada Lignin
27 May 2020 – SK Chemical, Borealis, Omya, Stora Enso, UPM, Dow and Good Natured