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 total subsidy granted to the Industry Consortium “VEHICLE” consisting of 8 European companies, is EUR €5.9 million (about $6.7 million).
During a four-year project, the VEHICLE consortium members aim to widen the business and market opportunities of existing and future biorefineries by demonstrating the applicability of their sugar streams in several downstream options. The role of Avantium in VEHICLE is to provide sugar streams from nonfood feedstock. This sugar is produced in Avantium’s Dawn Technology™ pilot biorefinery in Delfzijl, the Netherlands. Avantium will also convert industrial sugars from the consortium partners (including the sugars from Avantium’s DAWN pilot biorefinery) into plant-based mono-ethylene glycol (MEG) through its Mekong technology. Plant-MEG is a drop-in component used in the production of many materials, including plant-based polyesters.
Category: Producer News