YXY to produce green building block for materials & fuels
28 May '10
4 min read
YXY technology Avantium has initiated a collaboration with NatureWorks (subsidiary of Cargill) for the development of YXY polyesters. This collaboration has demonstrated that YXY polyesters have properties that are very similar to PET, allowing to develop a green version of this bulk polymer. The companies will further test its properties to evaluate applications in packaging, automotive, fibers, coatings and engineering plastics. Avantium is looking to enter into partnerships to develop YXY for polyamides, polyurethanes and a number of chemical applications. By several engine tests Avantium has demonstrated the use of YXY as a green component to blend with diesel, gasoline and jet fuel.
Avantium uses a licensing model for the commercialization of its YXY technology. The company has developed a strong IP position to protect is intellectual assets. The company is looking to enter into licensing agreements with industrial chemical and polymer companies for the production of YXY, and into partnerships with companies that can industrialize the use and sale of YXY green materials and fuels. The company has received a very high level of interest of companies in the chemical, polymer and consumer goods industries, because of the attractive products properties and the economic production technology of YXY.
Avantium is a leading technology company in the area of advanced high-throughput R&D operating in the energy, chemicals and pharmaceutical industries. The company develops products and processes in the area of biofuels, bio-based chemicals and novel crystal forms of existing drugs by applying its proprietary, high-throughput R&D technology.
Avantium has demonstrated the potential of this technology by providing R&D services and systems to more than 70 companies worldwide. Avantium's customer base includes many of the world's largest energy, chemicals and pharmaceutical companies, such as BP, Shell, Sasol, Pfizer and GSK. Avantium has more than 100 employees; its offices and head quarters are based in Amsterdam, The Netherlands.