Rockin’ PEFormance: €25M for Synvina-Led Consortium for Biobased Materials
by Jim Lane (Biofuels Digest) In the Netherlands, a BBI subsidy of €25 million has been granted to “PEFerence,” a consortium consisting of 11 companies including Synvina, Avantium, BASF, Tereos Participations (France), Alpla Werke Alwin Lehner GmbH & Co Kg (Austria), OMV Machinery Srl (Italy) and Croda Nederland B.V. (The Netherlands), Nestec Sa (Switzerland) Lego System As (Denmark), Nova-Institut für politische und ökologische Innovation GmbH (Germany) and Spinverse Innovation Management Oy (Finland).
The partners will jointly work on establishing an innovative supply chain for FDCA and PEF, including the intended construction of a 50,000 tons reference plant in Antwerp. Synvina will be coordinating the “PEFerence” project.
It was one of a trio of key stories this week for Avantium, voted #3 anong the 50 Hottest Companies in the Advanced Bioeconomy by Digest readers earlier this year.
Avantium taps Zanna McFerson as CBDO
In other news, Avantium appointed Zanna McFerson as its Chief Business Development Officer. McFerson is the former Chief Business officer at Amyris and before that a Vice-President at Cargill, where she led the successful introduction of the natural sweetener Truvia in the US, Latin America and Europe.
AVTX now included in the Small Cap index Euronext
In another development of note for Avantium, the company’s shares have been includedin the AScX index of Euronext as of the start of trading next Monday 19 June 2017. The AScX index is composed of 25 funds that trade on the Euronext Amsterdam exchange and rank position 51-75 in size. READ MORE