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Avantium and Danone Sign Development Partnership for Next Generation Bio-based Plastic: PEF

March 22, 2012

AMSTERDAM, March 22, 2012 /PRNewswire/ –

Today Avantium announced its second major partnership for its YXY technology to
produce PEF bottles. Danone Research and Avantium have entered into a Joint Development
Agreement for the development of PEF bottles for Danone, number two worldwide in bottled
water business. The agreement forms another cornerstone of Avantium’s commercialization
strategy to further co-develop the YXY technology for producing PEF bottles.

“The agreement with Danone Research is a fantastic step forward on our path to
commercialize PEF bottles,” says Avantium’s CEO Tom van Aken. “Today, Danone Research is
at the forefront in contributing to the development of next generation bio-based plastic
bottle. Our YXY solution for the packaging industry creates a new bio-sourced material
delivering superior functional properties versus conventional PET technology (for example
light weighting potential, barrier and thermal properties). We believe that the process
economics and carbon footprint of PEF make it a suitable PET alternative. A recent study
done by the Copernic Institute, showed that PEF has a 50-60% lower carbon footprint than
oil-based PET. Finalizing the LCA study is part of the Joint Development Agreement.
Avantium is currently validating the use of existing supply and recycling chains, enabling
a full transition to bio-based PEF bottles in three to five years from now.”

Based on the YXY technology, the Avantium and Danone Research joint objective is to
contribute to the emergence of a new renewable material generation which will not be in
direct competition with food. YXY is used as a fast and efficient chemical-catalytic
technology to convert carbohydrates produced from plants, grains, energy crops,
lignocellulosic matter, waste streams, waste paper or agricultural residues, into a wide
variety of bio-based polymers. Based on ongoing R&D programs, Avantium will also continue
to develop PEF from renewable feedstock not competing with food.

Avantium has recently opened its pilot plant in Geleen, the Netherlands, with the
capacity of producing 40 tons of PEF for application development. The collaborations with
Danone and The Coca-Cola Company are key to secure a smooth transition into the mass
production phase of PEF bottles. Avantium is in active discussion with other leading brand
owners to develop PEF bottles, fibers and film. In the longer term Avantium will license
its YXY technology to enable large scale, world-wide production and use of its bio-sourced
plastic materials.

SOURCE Avantium


Source: PR Newswire