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.
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