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UPM acquires intellectual property from Avatium for bio-based glycols

This article was originally posted on Chemical Engineering Online.
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Summary
UPM has agreed to acquire Avantium’s intellectual property for Ray Technology, a process that produces bio-based mono-ethylene glycol (MEG) and mono-propylene glycol (MPG) from plant-based sugars. The deal includes Avantium’s patent portfolio and related IP (additional details weren’t provided in the excerpt), signaling UPM’s push into bio-based glycols.

What impact do you think this move could have on decarbonizing PET, antifreeze, and resin supply chains, and what scale-up or feedstock challenges might stand in the way?

Materials company UPM (Helsinki, Finland; www.upm.com) today announced that it has reached an agreement with Avantium N.V. (Amsterdam, the Netherlands; www.avantium.com) to acquire the intellectual property related to Avantium’s Ray Technology®, a process for the production of bio-based mono-ethylene glycol (MEG) and mono-propylene glycol (MPG) from plant-based sugars. The transaction comprises Avantium’s patent portfolio and […]

The post UPM acquires intellectual property from Avatium for bio-based glycols appeared first on Chemical Engineering.

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