17 September 2014
Details
The two companies will work on creating sustainable technology
which mimics the way plants use photosynthesis.
The aim is to produce "green" chemical building blocks
that will eventually replace raw materials AkzoNobel
currently obtains from fossil-based production.
The collaboration is focused on
Photanol’s existing proprietary technology,
which uses light to directly convert CO2
from the air into predetermined raw materials
such as acetic acid and butanol.
The only by-product is oxygen.
Peter Nieuwenhuizen,
AkzoNobel’s Director of Innovation and Partnerships
"Given the challenges the world is facing
in terms of resource scarcity, we are actively looking for
bio-based alternatives for our chemicals and
Photanol’s existing technology is a potential game-changer,"
"We are constantly looking for less traditional solutions
as we strive to do more with less and
this exciting partnership –
which has the potential to
significantly reduce our carbon footprint –
is a perfect example of
our Planet Possible approach to sustainability."
Michiel Lensink,
Photanol CEO
"The cooperation with AkzoNobel
is of major strategic importance to us.
Not only does it give us access to a large potential market,
but AkzoNobel's processing technology expertise
also means that we will shorten our time to market."
WWW.CHEMWINFO.COM BY KHUN PHICHAI
