The Cleantech Group, a leading global research and advisory firm focused on innovation in energy and the environment, has selected Avantium, as the European Cleantech Company of the Decade. The Dutch-based technology company, which specializes in a new generation of bio-based plastics and chemicals based on its proprietary YXY technology platform, was picked because it has been the only European company to have been in the top 10 European companies within the Global Cleantech 100 for the past four years, according to Richard Youngman, managing director Europe & Asia, Cleantech Group.
Avantium has focused its efforts on the development of polyester polyethylene-furanoate (PEF), which is an analogue of polyethylene-terephthalate (PET). PEF is a novel generation of 100% biobased and recyclable polyester which has the potential to replace conventional fossil resources based durable materials like PET. PEF has properties superior to PET such as a significantly higher barrier to oxygen, carbon dioxide and water, extending product shelf life and reducing production costs.
"Making PEF the next generation plastic is our goal: a 100 percent biobased plastic with enhanced performance over existing packaging materials at competitive costs. It is a long and challenging road to the top, but we are enjoying it and we are certain that we will get there," said Avantium CEO Tom van Aken.