Amsterdam (ots/PRNewswire) - Avantium, a leading technology
company servicing the oil, chemicals and pharmaceutical industries,
announces the three-year extension of the strategic research
collaboration with BP, one of the world's largest energy companies.
Avantium provides innovative, high value-added R&D services and
tools to the energy, chemicals and pharmaceutical industries, and has
a long standing relationship with BP. The collaboration builds on the
strategic relationship between BP and Avantium that was initiated in
2005. The strategic research collaboration in the area of purified
terephthalic acid (PTA) is extended for a period of 3 years. During
this period Avantium will apply its advanced high-throughput R&D
technology, services and modeling capabilities in the research and
technology portfolio of BP's PTA business.
Tom van Aken, Chief Executive Officer of Avantium: "We are very
pleased to continue our strategic relationship with BP. Over the past
years, the teams of BP and Avantium have successfully collaborated to
apply our unique technological capabilities to BP's PTA business. The
continuation of our joint efforts is an excellent proof of the added
value of our technology and expertise."
Sue Davison, Business Technology Manager BP Aromatics and Acetyls:
"This strategic collaboration with Avantium is consistent with BP's
global technology position in PTA, and affirms our commitment to
continue to employ leading technologies such as high-throughput R&D
for continual improvement of our PTA business."
Avantium is a leading technology company in the area of advanced
high-throughput R&D operating in the energy, chemicals and
pharmaceutical industries. The company develops products and
processes in the area of biofuels, bio-based chemicals and novel
crystal forms of existing drugs by applying its proprietary,
high-throughput R&D technology. Avantium has demonstrated the
potential of this technology by providing R&D services and tools to
more than 70 companies worldwide, including many of the world's
largest energy, chemicals and pharmaceutical companies. Avantium has
approximately 100 employees; its offices and head quarters are based
This release may contain certain forward-looking statements
relating to the business, financial performance and results of
Avantium and the industry in which it operates. These statements are
based on its current plans, estimates and projections, as well as its
expectations of external conditions and events. A number of important
factors, and the inherent risks and uncertainties that such
statements involve, could cause actual results or outcomes to differ
materially from those expressed in any forward-looking statements.
In the event of any inconsistency between an English version and a
Dutch version of this document, the English version will prevail over
the Dutch version.
For further information:
ots Originaltext: Avantium Technologies B.V.
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