Avantium and The Coca-Cola Company sign partnership

Amsterdam, The Netherlands: 15 December 2011 - Exceptional functional properties make biobased plastic PEF a suitable alternative for future beverage packaging following technology break-through by Avantium.

Dutch research and technology company Avantium has developed a patented technology YXY to produce 100% biobased PEF bottles. Currently PET is the most widely used oil-based polyester. Based on the performance of the new PEF material, Avantium believes PEF will become the next-generation biobased polyester.

Today the company announced an agreement with The Coca-Cola Company (NYSE:KO) to further co-develop Avantium's YXY technology for producing PEF bottles. First milestones include the start-up of an Avantium PEF pilot plant, officially opened on December 8th in Geleen, the Netherlands. It is expected that other large co-development partners will join from early 2012.

More info on the press release or on Avantium's website.


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