TAGS: Environmentally Friendly Coatings
Avantium has sold its bioaromatics patent portfolio to The Netherlands Organization for Applied Scientific Research, TNO. The sale includes both patents and know-how for technologies that produce bio-derived products for polymers and coatings. These technologies lie outside Avantium’s strategic focus and will now be further developed by TNO.
Renewable Technologies Focused on Plant-based Polyesters
Avantium has an extensive portfolio of renewable technologies focused on plant-based polyesters. The Company continuously assesses the best possible options for an innovation including its divestiture to a suitable party.
Zanna McFerson, Managing Director, Avantium Renewable Chemistries said, “
This bioaromatics patent portfolio fits well into TNO’s development strategy. Avantium will continue to support TNO in this area and can provide proprietary single flow testing equipment to accelerate TNO’s R&D efforts.”
Source: Avantium