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AVALON Industries AG takes over of all bio-based chemistry activities from AVA-CO2

AVALON Industries AG reports in a press release of the takeover of all bio-based chemistry activities from AVA-CO2. The full article is available for download (see below). The following is an excerpt:

AVALON Industries AG, the new entity of Swiss-based company AVA-CO2 Schweiz AG, is taking over all bio-based chemistry activities from AVA-CO2 with immediate effect. In order to fully focus on biochemistry, AVA-CO2 has also decided to sell its Hydrothermal Carbonisation (HTC) technology to the globally active International Power Invest AG, a holding company investing in renewable energy projects. From now on, AVA-CO2 will act as a holding company.

In response to rapid application developments relating to bio-based chemical 5- Hydroxymethylfurfural (5-HMF) and following increased 5-HMF demand from value chain partners, AVALON Industries was created to take advantage of new market opportunities and to prepare for future large scale production. A subsidiary of AVA-CO2, AVALON Industries is taking over all operational activities from AVA-CO2 and will focus on the global implementation of the Hydrothermal Processing (HTP) technology for the industrial-scale production of 5-HMF. This technology was successfully developed and patented by AVA-CO2 over the last seven years.

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