press release 06.10.2010
Teijin Aramid and Avantium enter partnership to explore green high-performance polymers
Teijin Aramid and Avantium announced today that they have entered into an R&D partnership to explore high-performance polymers. The partnership builds on Teijin Aramid’s world leading position of polyaramids and Avantium’s catalytic technology for producing building blocks for green materials and fuels. Avantium is a research and technology company that is unlocking a new generation of biobased chemical building blocks, under the brand name YXY.
The companies will work together to explore the properties and commercial potential of high-performance polymers containing YXY building blocks. The companies will produce a range of polymer products containing Avantium’s YXY building blocks. Subsequently, Teijin Aramid plans to test these products for different applications. Teijin Aramid and Avantium have entered into a multi-year collaboration agreement with milestones for monitoring the progress towards commercialization of these new polymers. The partners have successfully secured a government grant to support part of the work under the agreement.
Gert Frederiks, CEO & President of Teijin Aramid: “Teijin Aramid is dedicated to fully understand the needs and requirements of our customers in order to empower their products and their business with the best solutions. We are therefore constantly looking for new ways to improve our polymer products and processes in order to deliver maximum added value to our customers. In Avantium we have found a partner that is excelling in the field of advanced high-throughput R&D and offers a line of biobased chemical building blocks for green polymers that will enable us to realize this ambition.”
“By partnering with Teijin Aramid we can develop a novel and exciting application for our YXY building blocks,” said Tom van Aken, CEO of Avantium. “Together with Teijin Aramid we aim to achieve a set of unique properties for polymer products using our biobased YXY building blocks. Teaming up with Teijin Aramid, a leader in this field, clearly accelerates the application development of materials containing YXY building blocks. This agreement is an important step to explore high-value added applications for our YXY biobased materials.”
About Teijin Aramid
For more information about Avantium, please contact Mariëtte Hoogendoorn at +31 20 586 8010 or visit the corporate website: www.avantium.com or the product website www.yxy.com.