In the Netherlands, Avantium has been awarded a €3.5 million grant from the EU Horizon Europe program for its participation in the research and development program ICONIC. The ICONIC program aims to convert CO2 into formic acid, a key ingredient for sustainable protein production. The €3.5 million grant will be paid out in tranches to Avantium over a period of four years, starting in January 2025.
Avantium is known for its innovative technologies that turn biomass and CO2 into valuable materials. Its Volta Technology platform uses electrochemistry to transform CO2 into important chemical building blocks. In the ICONIC project, Avantium will further scale up the electrochemical cell to convert CO2 from refinery gases into formic acid. This formic acid will then be used to produce added value products such as proteins for animal feed and alternatives to palm oil.
The ICONIC project, with a total EU grant of €15 million, will demonstrate the entire process from CO2 capture to the production of valuable end products. The project will run for four years and involves 12 partners, including Avantium, SINTEF (Norway), Tupras (Turkey), Cool Planet Technologies (UK), B.FAB (Germany), Procter & Gamble (Belgium/UK), Idener (Spain), NoPalm (Netherlands), Bio Base Europe Pilot Plant (Belgium), TNO (Netherlands), and CO2 Value Europe (Belgium).
Tags: Avantium, CO2, Netherlands
Category: Research
