Investment to Develop Sustainable Raw Materials for the Chemical Industry
BERGEN OP ZOOM, the Netherlands - The province of Noord-Brabant in the Netherlands, TNO (Netherlands Organization for Applied Scientific Research), ECN (Energy Research Centre of the Netherlands) and the Flemish VITO are jointly investing €10 million in the development of bio-aromatics, sustainable raw materials for the chemical industry. Shared Research Center Biorizon will use the funds to finance various projects designed to reach a goal of enabling the commercial production of bio-aromatics for industry in 2025. The four parties made this announcement in Antwerp, Belgium, during Biorizon's annual event.
Biorizon plans to use the financing to accelerate the development of bio-aromatics. Together with industry, Biorizon is developing technologies for extracting aromatics from vegetal residual and other streams. In this way, Biorizon hopes to offer the chemical and supply industry an alternative that is both profitable and sustainable to extracting raw materials from petroleum. The sustainable alternative has the possibility of replacing 40% of all chemicals.