Cosun Beet Company and Avantium join forces and announced the ambition to produce plant-based glycols from sugars. To this end, the companies entered into a Term Sheet to establish a joint venture in which Cosun Beet Company will take a substantial share.

Cosun Beet Company and Avantium plan to form the joint venture in 2023, with the aim to make an investment decision for the foreseen commercial plant in 2025 and commercial operations commencing in 2027. The joint venture is envisioned to be a world class producer of plant-based glycols to actively contribute to a fossil-free future.

Plant-based glycols
The joint venture will produce plant-based glycols by converting beet sugar into plantMEG™ and plantMPG™ using Avantium’s proprietary Ray Technology™.

Ray plantMEG™
MEG (mono-ethylene glycol) is a blockbuster commodity intermediate and plantMEG™ is a fully recyclable, plant-based, high purity product used in applications such as polyester packaging (PET and PEF) and textiles, as well as antifreeze. Almost all MEG on the market today is produced using fossil-based feedstocks (oil, gas, and coal). The plantMEG™ produced by the Cosun Beet Company/Avantium joint venture is expected to significantly reduce greenhouse gas emissions compared to fossil-based MEG.

Ray plantMPG™
MPG (mono-propylene glycol, also known as 1,2-propanediol) is a non-toxic, plant-based, high purity product used in a wide array of applications, such as unsaturated polyester resins for coatings and compounds, for example in modern windmill blades, as well as a heat transfer fluid in solar panels, and in airport operations for deicing airplanes.

Sugar beet
Sugar beet is a 100% natural product, with no additives, which grows well in the Netherlands. Read more about sustainable beet production.

Ray Technology™
Avantium has developed the Ray Technology™ to efficiently convert sugars, such as Cosun Beet Company’s beet sugar, into plant-based glycols. 

Olaf van Baal, Chief Innovation Officer at Cosun Beet Company

Willemijn Witteveen, Director Business Development - Renewable Chemistry at Avantium



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