Breakthrough Technologies from Virent, Gevo and Avantium Selected to Reach Global Scale
ATLANTA, Dec. 15, 2011 - The
This effort to commercialize a plastic bottle made entirely from plants builds on the Company's ground-breaking introduction and roll-out of its first generation PlantBottle™ package which was the first ever recyclable PET beverage bottle made partially from plants. Since introduced in 2009, the Company has already distributed more than 10 billion PlantBottle™ packages in 20 countries worldwide.
Agreements with Virent, Gevo and Avantium - industry leaders in developing plant-based alternatives to materials traditionally made from fossil fuels and other non-renewable resources - were signed following an in-depth two year analysis of different technologies by The
"While the technology to make bio-based materials in a lab has been available for years, we believe Virent, Gevo and Avantium are companies that possess technologies that have high potential for creating them on a global commercial scale within the next few years," said Rick Frazier, Vice President, Commercial Product Supply, The
Agreements with these three companies will help The
"Virent's long term agreements with The
"We are extremely gratified to have won the confidence of The
"Avantium is very proud to partner with The
PlantBottle™ packaging makes a difference by reducing our dependence on nonrenewable fossil fuels and minimizing the carbon impact of PET plastic. It is estimated the use of PlantBottle™ packaging in the first two years alone has helped save the equivalent annual emissions of more than 100,000 metric tons of carbon dioxide.
As a leader in sustainable packaging, the Company also looks for opportunities to advance smart innovation across the industry. Earlier this year, The
Images and B-roll
About Virent, Incorporated
Virent is replacing crude oil by creating the chemicals and fuels the world demands using a wide range of naturally-occurring, renewable resources. Its patented technology features catalytic chemistry to convert plant-based sugars into a full range of products identical to those made from petroleum, including gasoline, diesel, jet fuel, and chemicals for plastics and fibers. The products are "drop-in" replacements that enable full utilization of existing logistics infrastructure without blending limitations. The development of Virent's BioForming® technology platform is supported through strategic investors including Cargill, Shell and Honda, as well as 120 employees based in Madison, Wisconsin. Please learn more at www.Virent.com.
Gevo is converting existing ethanol plants into biorefineries to make renewable building block products for the chemical and fuel industries. The Company plans to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a "drop in" basis into existing chemical and fuel products to deliver environmental and economic benefits. Gevo is committed to a sustainable bio-based economy that meets society's needs for plentiful food and clean air and water. For more information, visit http://www.gevo.com.
Avantium is a leading technology company specialized in the area of advanced high-throughput R&D. The company develops and commercializes YXY - its brand name for the technology to produce chemical building blocks for bio-based materials with exceptional product properties at a competitive price. Combined with the significant reduction in environmental footprint, Avantium's lead application PEF, fulfills all key criteria to become the next generation bio-based plastics for bottles, film and fibers. Avantium has demonstrated the value and commercial potential of its unique technology by collaborating with leading companies in the energy and chemical industries. It has a proven track record in offering fast and efficient chemical catalytic development services and systems. Avantium offices and headquarters are based in Amsterdam, the Netherlands. For more information about Avantium, please contact Janine Kostermann at +31 20 586 8132 or visit the corporate website: www.avantium.com or the product website: www.yxy.com.
More on Journey
Coca-ColaCompany Names New Chief People Officer
Coca-ColaCompany Updates Currency Outlook and Reaffirms Guidance, Including EPS Growth Target (Non-GAAP), in Advance of Deutsche Bank Global Consumer Conference
Board of Directors of The
Coca-ColaCompany Announces 57th Consecutive Annual Dividend Increase
Coca-ColaCompany Announces Timing of Second Quarter 2018 Earnings Release and Investor Conference Call
Coca-ColaCompany Statement on San Cristóbal, Chiapas, Mexico