๐๐๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฌ ๐๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ® ๐ข๐ง๐ญ๐๐ฅ๐ฅ๐๐๐ญ๐ฎ๐๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐ซ๐จ๐ฆ ๐๐ฏ๐๐ง๐ญ๐ข๐ฎ๐ฆ, ๐๐ซ๐จ๐๐๐๐ง๐ข๐ง๐ ๐ข๐ญ๐ฌ ๐๐ข๐จ-๐๐๐ฌ๐๐ ๐ ๐ฅ๐ฒ๐๐จ๐ฅ๐ฌ ๐๐ ๐ฉ๐จ๐ซ๐ญ๐๐จ๐ฅ๐ข๐จ
UPM today announces that it has reached an agreement with #Avantium N.V. to acquire the intellectual property related to Avantium's Ray Technology®, a process for the production of bio-based #monoethyleneglycol (MEG) and #monopropyleneglycol (MPG) from plant-based sugars. The transaction comprises Avantium's patent portfolio and invention disclosures related to Ray Technology® and is for UPM not material in financial terms. The strategic value lies in the expansion of UPM's intellectual property position across the conversion of #lignocellulosicbiomass to bio-based glycols. The acquisition strategically broadens the scope of UPM's IP portfolio safeguarding biomass-to-glycols conversion pathways and adds optionality for future process configurations as #UPM continues to scale its bio-based chemicals business. It reinforces UPM's standalone position as the first company to bring lignocellulosic biomass-based chemicals production to industrial scale, currently bei...