Avantium advances its plant-based MEG technology with the opening of its demonstration plant
AMSTERDAM – Avantium today inaugurates its plant-based MEG (mono-ethylene glycol) demonstration factory in Chemie Park Delfzijl, the Netherlands, bringing industry yet another solution to reduce the reliance on fossil resources. The opening ceremonies are hosted by Nienke Homan, regional minister of the province of Groningen, the Netherlands and Avantium CEO Tom van Aken. Avantium additionally announces the naming of this innovative technology to produce plant-based MEG: Ray Technology™ - A Bright Step to The Future.
The opening celebrates a significant milestone in commercializing the production of plant-based MEG, a vital ingredient in the production of polyesters widely used in textiles and packaging. Today, 99% of MEG is produced from fossil resources representing a value of approximately $25 billion. This market is expected to rapidly grow in the coming decades, providing a great opportunity for the introduction of plant-based MEG as part of the transition to a more renewable world. In addition to its sustainability advantages, the production of plant-based MEG with Ray Technology™ is cost competitive to fossil based MEG. The Ray Technology™ demonstration plant with an industrially relevant capacity of 10 tons annually will also produce plant-based MPG (mono-propylene glycol) which is used in a diverse set of industries such as cosmetics, pharmaceuticals, food flavoring, and deicing.
Avantium CEO Tom van Aken: “Avantium is proud to be the first company in the world to have brought three technologies to demonstration stage – our YXY® Technology, Dawn Technology™ and now our Ray Technology™. It truly demonstrates our ability to scale up and commercialize advanced technologies in the renewable polyester value chain. ”The end-to-end plant-based Ray Technology™ demonstration plant will cover all process steps in converting industrial sugars to glycols, allowing for the production of MEG and MPG samples that are representative of the final product from subsequent commercial-scale plants.
Zanna McFerson, Managing Director of Avantium Renewable Chemistries, comments: “The opening of this demonstration plant signifies years of research and trials to achieve a significant step towards a commercial flagship plant, aimed for start-up in 2024. Commercial conversations are already ongoing with partners who see an economic opportunity with Ray Technology™. We talk with feedstock providers who wish to diversify their markets, chemical companies who seek to enter a significant growth market and transition to a bio-based economy and consumer brands who are looking for plant-based solutions for their textiles and packaging.”
Categories
Investments
Countries
Companies
Latest news
BASF has successfully started operating its prototype metal refinery for battery recycling in Schwarzheide, Germany
Innovative technology extracts lithium, nickel, cobalt, manganese and copper from end-of-life lithium-ion batteries and battery production scrap. Plant represents further milestone in building Euro...
Topsoe to supply technology for Cepsa's 2G biofuels plant in Palos de la Frontera, Spain
Cepsa and Bio-Oils’ new plant will begin production in 2026 and is expected to produce 500,000 tons of Sustainable Aviation Fuel (SAF) and renewable diesel annually. Topsoe will deliver its HydroFl...
Mol inaugurates the largest green hydrogen plant of the region at the Danube Refinery in Százhalombatta, Hungary
MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources. The plant will reduce carbon dioxide emissions of the Danube Refinery by 25 000 tonnes. With the introd...
MadoquaPower2X Commits to Expanding New Land to Produce Green Hydrogen and Ammonia in Sines, Portugal
ZILS - Sines Industrial and Logistics Zone →MadoquaPower2X Commits by signing deeds for the surface right to an additional 60 hectares of industrial land for the green hydrogen and ammonia production units in ZILS - Sines Industrial and Logi...