AkzoNobel and Photanol Partner to Develop New Chemical Compounds
AMSTERDAM, The Netherlands - AkzoNobel and clean-tech company Photanol have teamed up to develop a process for harnessing the power of the sun to make chemicals.
The two companies will work on creating sustainable technology that 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.
"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," explained Peter Nieuwenhuizen, AkzoNobel's Director of Innovation and Partnerships.
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.
The two companies will start by developing a number of specific chemicals that are currently used by AkzoNobel's Specialty Chemicals Business Area. The partnership is intended to be a stepping-stone for potential commercial production of fourth-generation bio-based chemicals.