AMSTERDAM, 25 August 2020 – Avantium N.V, a leading technology company in renewable chemistry, announces the appointment of Mr. Kim Balt as Director Investor Relations, effective 1 September 2020. In this role, he will be responsible for the execution of the Investor Relations strategy, build and maintain relationships with Avantium’s shareholders and the global investment community and communication to the financial markets.
Before joining Avantium Kim Balt worked over 20 years at ING Wholesale Banking. He held various roles in Equity Capital Markets, with extensive ECM deal execution & advisory experience. Kim Balt will report to Avantium’s CEO Tom van Aken and work closely with CFO Bart Welten, Director Communications Caroline van Reedt Dortland and General Counsel Carmen Portocarero.
CEO Tom van Aken comments: “We are pleased to welcome Kim Balt at Avantium. His extensive expertise from the international equity capital markets combined with a strong belief in the values of Avantium, will make him well positioned to continue building our investor relations function. We look forward to working with Kim and further developing the relations with Avantium’s shareholders.
Avantium is a leading technology development company and a forerunner in renewable chemistry. Avantium develops novel technologies based on renewable carbon sources as an alternative to fossil-based chemicals and plastics. The company currently has three technologies at pilot and demonstration phase. The most advanced technology is the YXY® plant-to-plastics–technology that catalytically converts plant-based sugars into a wide range of chemicals and plastics, such as PEF (polyethylene furanoate). Avantium has successfully demonstrated the YXY Technology® at its pilot plant in Geleen, the Netherlands. The second technology is the Dawn Technology™ that converts non-food biomass into industrial sugars and lignin in order to transition the chemicals and materials industries to non-fossil resources. In 2018, Avantium opened the Dawn Technology™ pilot biorefinery in Delfzijl, the Netherlands. The third technology is called Ray Technology™ and catalytically converts industrial sugars to plant-based MEG (mono-ethylene glycol). Avantium is scaling up its Ray Technology™ and the demonstration plant in Delfzijl, the Netherlands opened on November 7, 2019. Next to developing and commercialising renewable chemistry technologies, the company also provides advanced catalysis R&D services and systems to customers in the refinery and chemical industries. Avantium works in partnership with likeminded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.
Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is included in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.
For more information:
Caroline van Reedt Dortland, Director Communications, Avantium
+31-20-5860110 / +31-613400179,