AMSTERDAM, October 16 /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."
Profile Avantium
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 in
Amsterdam.
Other Information
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:
Website: http://www.avantium.com
Avantium Technologies B.V.
