Avantium and BP extend strategic partnership

Avantium, a leading technology company servicing the oil, chemicals and pharmaceutical industries, announces the three-year extension of their strategic research collaboration with BP

Avantium provides innovative, high value-added R+D services and tools to the energy, chemicals and pharmaceutical industries, and has a long standing relationship with BP.

The collaboration builds on the strategic relationship between BP and Avantium that was initiated in 2005.

The strategic research collaboration in the area of purified terephthalic acid (PTA) is extended for a period of 3 years.

During this period Avantium will apply its advanced high-throughput R+D technology, services and modeling capabilities in the research and technology portfolio of the BP PTA business.

Tom van Aken, Chief Executive Officer of Avantium: "We are very pleased to continue our strategic relationship with BP.

Over the past years, the teams of BP and Avantium have successfully collaborated to apply our unique technological capabilities to the BP PTA business.

The continuation of our joint efforts is an excellent proof of the added value of our technology and expertise." Sue Davison, Business Technology Manager BP Aromatics and Acetyls, added: "This strategic collaboration with Avantium is consistent with the BP global technology position in PTA, and affirms our commitment to continue to employ leading technologies such as high-throughput R+D for continual improvement of our PTA business.".

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