Renewable chemicals company Avantium has acquired the assets of Liquid Light. Liquid Light has developed proprietary process technology to make major chemicals from low-cost, globally-abundant carbon dioxide. The acquisition combines the technologies of both Liquid Light and Avantium to develop a world-leading electro-catalysis platform and to commercialize new process technologies using CO2 as feedstock to produce sustainable chemicals and materials.
The acquisition of Liquid Light is an important step in our strategy to create and commercialize breakthrough technologies in renewable chemistry. It will extend our capabilities beyond catalytic conversion of biomass. This acquisition will enable the development of a powerful technology platform on the basis of CO2 feedstock, meaning it turns waste into valuable products such as chemicals and plastics.—Tom van Aken, CEO of Avantium
Spun out from Princeton University in 2008, Liquid Light has invested more than US$35 million on low-energy electrochemistry technologies to convert CO2 to major chemicals. It has filed more than 100 national patent applications of which more than twenty have been granted. Its patent portfolio includes filings on producing multiple chemical building blocks used in large existing markets, including oxalic acid, glycolic acid, ethylene glycol, propylene, isopropanol, methyl-methacrylate and acetic acid for the production of polymers, coatings and cosmetics.
The technology and patent portfolio of Liquid Light will be integrated in Avantium’s Renewable Chemistry business unit and its existing R&D program in electrochemistry. The combination of Liquid Light’s expertise in electrochemistry with Avantium’s expertise in catalysis and process engineering will be the basis of a technology platform to develop novel production technologies for converting CO2 to chemicals and materials.
The integration of the Liquid Light assets into Avantium is complete and effective immediately. Financial details of the transaction were not disclosed.