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Cosun and Avantium Announce Collaboration
Date:1/21/2009

AMSTERDAM, January 21 /PRNewswire/ -- Today, Royal Cosun and Avantium announced the start of their collaboration. The companies join forces to develop a specific process for the production of a new generation of bioplastics and biofuels from selected organic waste streams. Avantium is developing these bioplastics and biofuels under the name 'Furanics'.

Within the collaboration, Cosun will focus on the selection, isolation and purification of suitable components from agricultural waste streams. Avantium will continue to focus on the development of an efficient, chemically catalyzed production process. The duration of the first phase of the collaboration will be approximately two years. With positive results, the companies intend to scale-up the production technology and implement it on commercial scale.

The collaboration between Cosun and Avantium combines the complementary knowledge and expertise from two important Dutch economic sectors to achieve new, sustainable products and processes based on biomass.

Collaboration between agro and chemistry

"The further optimization of the value of our agricultural products is of great importance for our future," said Gert de Raaff, Director Corporate Development at Cosun. "Agricultural products and waste streams will increasingly be used as starting material for the production of chemicals and materials. For several years, Cosun has been active in developing and marketing these applications, focusing on high-grade products. An example is Carboxy Methyl Inulin, which is used as a sustainable additive in water treatment. The collaboration with Avantium for the development of Furanics perfectly matches the vision and developments at Cosun."

Tom van Aken, CEO at Avantium: "Our collaboration with Royal Cosun fits in perfectly with our strategy to produce Furanics from raw materials that do not compete with the food chain. With thi
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SOURCE Avantium and Cosun
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