Amsterdam, March 3rd, 2014 – Abengoa and Avantium announce that they have concluded another successful research collaboration for the production of higher value products from ethanol. The research program entailed ranking, developing and screening of catalysts and conditions to optimize Abengoa’s process. The work took place at the laboratory facilities of Avantium in Amsterdam.
“The research collaboration with Avantium enabled Abengoa to evaluate process optimization alternatives and routes to new products in a much faster way than previously possible using conventional research methods. This is important for us because we aim to establish a leadership position in the bioenergy industry. It is our mission and ultimate goal to achieve this with the development of manufacturing technologies and the implementation of the best and most efficient operating practices. Avantium’s flexibility and knowledgeable staff helped us achieve these challenging objectives.”, commented Javier Garoz Neira, CEO of bioenergy business of Abengoa.
“We are proud that Abengoa has entered into a new collaboration with Avantium”, commented Tom van Aken, CEO at Avantium. These research collaborations provided Abengoa with smart and fast catalyst testing solutions based on Avantium’s unique technology, knowledge and experienced staff. The successful and accurate results of the multiple research programs were again delivered in record time achieving the challenging objectives and deadlines.
Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water. (www.abengoa.com).
Abengoa is a leader in the development of new technologies for the production of biofuels and chemical bioproducts and the sustainability of raw materials, dedicating a large quantity of resources into research work. In addition, its trading division positions it as a service provider of global solutions, with a large capacity for marketing and commodity management, always relying on its global production capacity and on the supply of raw materials, and effective operations, basic principles that provide reliability and critical mass, key aspects for an optimal development of the activity.
The combination of international marketing and cellulosic biological technology capabilities of Abengoa, with agricultural, production and local marketing capacities gives rise to very important synergies that allow us to achieve significant growth in the global bioethanol market and having the technology that will allow us to obtain lower costs per liter of ethanol. Abengoa contributes to sustainable development by placing on the market fuel compounds obtained from renewable resources (biofuels) and through the adoption of environmentally-friendly technologies that favor the net reduction of contaminating emissions, for their use in vehicles for public and private transport.
Abengoa develops innovative technological solutions through continuous investment in R+D. These solutions will be incorporated into the production processes so that production costs can be matched with those of traditional fossil fuels and diversify into new chemical bioproducts.
About Avantium and Catalysis
Avantium is an independent company specialized in the area of advanced catalysis R&D and process development for renewables, energy and chemicals. Avantium defines itself as a creative accelerator, a company specialized in groundbreaking innovations and technologies for catalytic R&D services and systems including the in-house creation of commercial Furanics known as YXY. Avantium has demonstrated the value and commercial potential of its unique technology and knowledge by collaborating with many leading companies in the energy and chemical industries. For over a decade, Avantium has built up a global customer base for its successful R&D services and systems offering, including market leaders such as BP, Shell, IFPEN, Sinopec, CRI, Sasol, CompactGTL and Abengoa Bioenergy.
Catalysis by Avantium offers solutions ranging from sophisticated R&D systems and services to fully integrated long-term collaborative partnerships. We combine catalytic research based on our Flowrence® technology with a multi-disciplinary team of experts who have the flexible mindset needed to increase research output, improve success rates, reduce costs and accelerate time to market. Our experts have the skills needed to take research projects to the next level. Avantium offices and headquarters are based in Amsterdam, the Netherlands. For more information, visit our website at www.avantium.com.