June 9th, 2011

Shell Spinoff Avantium Raises $43.9 Million To Develop Green Plastics, Chemicals And Fuel

Shell spinoff Avantium raised another EUR 30 million, or about $43.9 million (USD) the company reported Thursday. Avantium produces “chemical building blocks” that industrial plastics, textile and fuel makers need to churn out green products that are as affordable and work as well as petroleum-based equivalents.

Avantium uses a catalytic process to convert carbohydrates into furanics, which are… → Read More