Avantium Announces Master Services Agreement With Chevron Energy Technology Company

Amsterdam (ots/PRNewswire) - Avantium announced today
that it has entered into a master services agreement with Chevron
Energy Technology Company for the application of high-throughput
technologies in the development of catalysts in the oil and gas
field.

Avantium specializes in high-throughput methodologies that enable
scientists to conduct parallel experiments on a very small scale,
under industrial conditions and at a very high speed.

This agreement allows Chevron Energy Technology Company to access
high-throughput methodologies as part of the suite of tools used in
the development of catalysts.

"The agreement with Chevron Energy Technology Company allows both
parties to make use of the advantages of high-throughput technologies
for the development of catalysts for the most demanding petrochemical
processes. Our skills sets have proven to significantly reduce the
time-to-market of new products and this agreement with Chevron Energy
Technology Company demonstrates the value of our technological
capabilities," commented Tom van Aken, Chief Executive Officer of
Avantium.

Profile Avantium

Avantium is a leading technology company in the area of advanced
high-throughput R&D operating in the energy, chemicals and
pharmaceutical industries. The company develops products and
processes in the area of biofuels, bio-based chemicals and novel
crystal forms of existing drugs by applying its proprietary,
high-throughput R&D technology. Avantium has demonstrated the
potential of this technology by providing R&D services and tools to
more than 70 companies worldwide, including many of the world's
largest energy, chemicals and pharmaceutical companies. Avantium has
approximately 120 employees; its offices and head quarters are based
in Amsterdam.

Rückfragehinweis:
For further information: For more information about this press
release please contact us via: Mariette Hoogendoorn,
Phone:+31-20-586-8010, Email: [email protected]

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | PRN

print