Avantium Raises €36M Investment from Swire, The Coca-Cola Company, DANONE and ALPLA

 Avantium Raises €36M Investment from Swire, The Coca-Cola Company, DANONE  and ALPLA  AMSTERDAM, June 5, 2014 /CNW/ - Today AVANTIUM announced that it has closed a  financing round of €36 million ($50 million) from a consortium of iconic  strategic players. This unique consortium consists of Swire Pacific, The  Coca-Cola Company, DANONE, ALPLA, and existing shareholders. With this capital  raise the new investors affirm their commitment to advancing PEF, Avantium's  next generation packaging material. Proceeds will be used to complete the  industrial validation of PEF and finalize the engineering & design of the  first commercial scale plant. As part of its strategy to use responsibly  sourced plant based materials for PEF production, Avantium will validate the  use of 2(nd) generation feedstock.  Follow on investments were made by existing shareholders Sofinnova Partners,  Capricorn Venture Partners, ING Corporate Investments, Aescap Venture, Navitas  Capital, Aster Capital and De Hoge Dennen Capital.  Tom van Aken, CEO Avantium stated: "Closing this financing round with Swire,  The Coca-Cola Company, Danone, ALPLA and our existing investors underpins  their commitment to making PEF bottles a commercial success. PEF is a 100%  biobased plastic with superior performance compared to today's packaging  materials and represents a tremendous market opportunity. Our proprietary YXY  technology to make PEF has been proven at pilot plant scale as we are now  moving to commercial deployment. "  Philippe Lacamp, Swire Pacific's Head of Sustainable Development said, "We are  excited to invest in Avantium, which has an impressive track record in  developing breakthrough technology. This investment aligns with our  sustainable development strategy to build and develop a portfolio of promising  early stage sustainable technologies to reach commercial scale. The technology  that Avantium supplies represents a pathway to the next generation of  bio-based packaging materials, and has huge potential application for our  existing bottling businesses."  Yu Shi, Director Next Generation Materials and Sustainability Research at The  Coca-Cola Company comments, "By advancing smart technology, we believe  performance and sustainability can go hand-in-hand to make a world of  difference for consumers, the environment and our business. Avantium's  breakthrough technology continues to offer a promising pathway for supporting  both our efforts to commercialize renewable, plant-based plastics and develop  unique properties for packaging to drive new growth.  We are pleased to  further expand our existing partnership with Avantium through this latest  investment."  Frederic Jouin, Director of Danone Research Packaging Center comments: "We  participate in this venture as we believe in the future of bio-based plastics  for our packaging, with a potential significant reduction in carbon footprint  and enhanced barrier properties compared to PET. With this investment, we  re-affirm our will to launch a 100% bio-based bottle not in direct competition  with food and 100% recyclable and our wish to accelerate this launch on the  market."  Jan van der Eijk, Chairman of the Avantium Supervisory Board, adds; "It is a  remarkable milestone in the biobased chemicals industry that large brand  owners, such as The Coca-Cola Company and DANONE jointly invest for the first  time in a company like Avantium. Together with the investment of Swire and  ALPLA, it is clear to us that the market is willing to back winning  technologies, such as PEF".  About Avantium -http://www.avantium.com/financing  Avantium is a leading technology company specialized in the area of advanced  high-throughput R&D. The company develops and commercializes YXY - the brand  name for its cost competitive technology platform to catalytically convert  plant based materials into biobased chemicals and bioplastics like PEF. PEF is  a novel 100% biobased polyester with enhanced barrier, thermal and mechanical  properties over existing packaging materials. These properties enable new  packaging innovations to make lighter, thinner, smaller and stronger bottles,  to extend product shelf life and to provide supply chain benefits. Combined  with the 50-70% reduction in carbon footprint, PEF fulfils key criteria to  become the next generation biobased plastic for bottles, film and fibers.  Today Avantium is supplying its technology development partners with PEF  manufactured from material produced at its pilot plant in Geleen, The  Netherlands. Avantium is planning its first commercial scale plant  (50,000ton), which is projected to be operational in 2017 to enable the full  commercial launch of the first PEF bottles to consumers.    SOURCE  Avantium  http://www.avantium.com/ ; For more information about Avantium, please contact  Dominique Levant: Tel: +31 (0)20 586 0132, Email: info@avantium.com.About  Swire Pacific Limited: http://www.swirepacific.com/en/global/home.php  ; For  more information about Swire, please contact Cindy Cheung: Tel: +852 2840  8091, Email: cindycheung@jsshk.com. About The Coca-Cola Company:  http://www.coca-colacompany.com/our-company/ ; For more information about The  Coca-Cola Company, please contact Kerry Tressler: Tel: +1 404 676 3676, Email:  ketressler@coca-cola.com. About Danone: http://www.danone.com/en/ ; For more  information about Danone, please contact Stéphanie Spira: Tel: +33 6 99 19 13  57, Email: Stephanie.SPIRA@danone.com.About ALPLA: http://www.alpla.com/en ;  For more information about ALPLA, please contact Sabrina Ortner: Tel:  +43-(5574)-602-241, Email: Sabrina.ortner@alpla.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/June2014/05/c1845.html  CO: Avantium ST: Netherlands NI: CHM LOAN MNA