Avantium N.V., a leading Dutch company in renewable and circular polymer materials, has announced that it has been awarded a EUR 3.5 million grant from the EU Horizon Europe program for its participation in the Innovative electrochemical CO2 Conversion to Versatile Feedstock (ICONIC) research and development program.
With a total EU grant of EUR 15 million, the ICONIC project aims to demonstrate the entire process from carbon capture to the production of valuable end products. In particular, it aims to convert carbon dioxide (CO2) into formic acid, a key ingredient for sustainable protein production.
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).
Utilize Volta Technology platform
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.
Avantium is excited to collaborate with other like-minded organizations on the ICONIC project. This prestigious grant underlines our expertise in CO2 conversion and our ability to scale up our Carbon Capture and Utilisation (CCU) technology on a large scale, including the construction of an industry-ready full-sized cell stack, said Annelie Jongerius, Technology Manager Volta Technology at Avantium.
ICONIC has received funding under Processes4Planet Partnership of the Horizon Europe funding program under grant agreement No 101177459.