Interviews
Avantium raises funds to develop next generation green materials
10 Jun '11
4 min read
Strong investor base
Michiel de Haan, Chairman of the Supervisory Board of Avantium and General Partner of Aescap Venture, said: "This financing round represents a major strengthening of our investor base. We are extremely happy that new, high quality investors are joining us to build Avantium into a global technology leader in green building blocks, and would like to thank the departing investors for their historical role in the company."
Unique technology in huge market
Denis Lucquin, General Partner at Sofinnova Partners, who will join Avantium's Supervisory Board, said: "We have found in Avantium a first class management team eager to drive the company on the forefront of world competition in bio sourced plastics and materials. The uniqueness of Avantium's YXY technology provide them the opportunity to be the first company able to put on the market a fully bio-sourced polyester suitable for water and soft drinks bottling, representing a huge market. They will have many other applications as already shown through their collaboration with Teijin Aramid. We are very excited to be part of this new challenge."
Avantium is a leading technology company specialized in the area of advanced high-throughput R&D. The company develops and commercializes YXY - its brand name for chemical building blocks for making green materials and fuels that can compete on both price and performance with oil based alternatives.
Avantium has developed YXY (pronounced as icksy) - a family of green building blocks for making materials and fuels that can compete on both price and performance with oil based alternatives, but which have a superior environmental footprint.
Michiel de Haan, Chairman of the Supervisory Board of Avantium and General Partner of Aescap Venture, said: "This financing round represents a major strengthening of our investor base. We are extremely happy that new, high quality investors are joining us to build Avantium into a global technology leader in green building blocks, and would like to thank the departing investors for their historical role in the company."
Unique technology in huge market
Denis Lucquin, General Partner at Sofinnova Partners, who will join Avantium's Supervisory Board, said: "We have found in Avantium a first class management team eager to drive the company on the forefront of world competition in bio sourced plastics and materials. The uniqueness of Avantium's YXY technology provide them the opportunity to be the first company able to put on the market a fully bio-sourced polyester suitable for water and soft drinks bottling, representing a huge market. They will have many other applications as already shown through their collaboration with Teijin Aramid. We are very excited to be part of this new challenge."
Avantium is a leading technology company specialized in the area of advanced high-throughput R&D. The company develops and commercializes YXY - its brand name for chemical building blocks for making green materials and fuels that can compete on both price and performance with oil based alternatives.
Avantium has developed YXY (pronounced as icksy) - a family of green building blocks for making materials and fuels that can compete on both price and performance with oil based alternatives, but which have a superior environmental footprint.
Avantium
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