Avantium and Toyobo Co. Ltd. have announced their partnership for development of PEF films and PEF polymerization. 100% bio-based PEF films, which are 10 micrometers in thickness will be developed using proprietary YXY technology of Avantium. PEF films can become alternative to standard PET films owing to benefits such as full transparency, 10x higher oxygen barrier, improved mechanical strength, and higher water vapor barrier. These films are useful in packaging applications, such as food, electronics, industrial, and medical, and others. The barrier properties enable extension of shelf life for oxygen sensitive products such as fish, meat, and dairy products. In addition, sensitive products such as cookies, crisps, personal care, cereals, or others are benefited from introduction of PEF films. It will impact the packaging industry to a great extent.
Avantium partnered with Mitsui & Co. in December 2015 and this partnership will help in development of PEF films in Asia. The samples for packaging tests will be offered from 2017 onwards. Furthermore, Avantium and Toyobo are working together for optimization of polymerization processes in existing polymerization assets Toyobo. This optimization will play a significant part in production of PEF resin at commercial scale from Avantium’s bio-based chemical building block FDCA and MEG (ethylene glycol). Both companies are working to increase PEF resin production to commercial polymerization lines of Toyobo in Iwakuni, Japan.
“I have been impressed by the innovative capability and drive of the Japanese industry,” said Tom van Aken, CEO of Avantium. “Toyobo has state-of-the-art know-how and manufacturing capability in polymerization and thin films. The outstanding performance of PEF offers the potential of replacing complex and petroleum based multilayer packaging solutions, with a bio-based and recyclable PEF film, without compromising the high quality standards required by Japanese packaging market. We are proud to work with such an excellent partner to scale up PEF polymer and thin film production.” He added that the partnership with Mitsui for development of 100% bio-based PEF products such as films and bottles Asian market by commercialization of PEF. Avantium also partnered with BASF in March 2016 for marketing of PEF and market development of FDCA.
Analysts have presented a thorough statistics and data about changing market dynamics of the bio-based platform chemicals industry. Big Market Research has added a report titled, “World Bio-based Platform Chemicals Market—Opportunities and Forecasts, 2014–2021.” As per the report, the market is expected to register a CAGR of 8.1% from 2015 to 2021. The report offers an extensive analysis of key manufacturers, detailed segmentation, drivers & challenges, and value chain.
View Reference fom here: http://www.bigmarketresearch.com/bio-based-platform-chemicals-market