𝐔𝐏𝐌 𝐚𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝐑𝐚𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲® 𝐢𝐧𝐭𝐞𝐥𝐥𝐞𝐜𝐭𝐮𝐚𝐥 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐟𝐫𝐨𝐦 𝐀𝐯𝐚𝐧𝐭𝐢𝐮𝐦, 𝐛𝐫𝐨𝐚𝐝𝐞𝐧𝐢𝐧𝐠 𝐢𝐭𝐬 𝐛𝐢𝐨-𝐛𝐚𝐬𝐞𝐝 𝐠𝐥𝐲𝐜𝐨𝐥𝐬 𝐈𝐏 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨

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 being started up at the UPM Leuna biorefinery in Germany. The close alignment with Avantium, a recognised leader in renewable and circular polymer materials, supports the rapid development of a strong industrial bioeconomy in Europe, which can be expected to scale faster with multiple industrial options entering the market in parallel.


"This acquisition is a focused step that strategically expands the scope of our IP portfolio in #biobasedglycols and strengthens our freedom to operate as we scale the industrial production of renewable chemicals," said Harald Dialer, Chief Technology Officer at UPM & Executive Vice President UPM Next Generation Renewables. "Combining Avantium's Ray Technology® patent estate with our own platform broadens our future process options and solidifies the premium market position we have obtained with our 100% UPM #BioPET ™. This transaction confirms UPM's role as a frontrunner in building a competitive European industrial bioeconomy.


source : UPM

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