Avantium declared this week to become closer to the commercial scale plant by closing a financial round of $50 million from projects of reputed players of the market. Tom van Aken, CEO of Avantium states that a big step in the direction of the first commercial scale plant by the company is PEF, a bioplastic. According to Tom van, this chance of investing in bioplastic’s production, the company will be able to meet demands of market and design its first commercial level plant. Moreover, the company will try validating next generation feedstock in this way. The YXY technology on which the consortium will be based is awesome for the company to earn commercial success. Being completely bio based plastic; PEF bears thermal and mechanical features to be foundation of packaging materials. Read more about the deal here - http://www.digitaljournal.com/pr/1968512
Moreover, this special bioplastic offers the chance of producing quality films, fibers and packaging containers. Many world class food and beverage groups are looking for the way to become technology partner of Avantium with the expectation of positive results. According to Frank Roerink, the CFO of Aventium, it is really a matter of pleasure to be in touch of unique investors who are ready to offer full dedication in this consortium while the company will try its best to impart best offers for mutual development.
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