Board/Management Information • Aug 11, 2021
Board/Management Information
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AMSTERDAM, 11 August 2021, 07:00 hrs CEST – Avantium N.V, a leading technology company in renewable chemistry, announces that Nils Björkman has been nominated for appointment to its Supervisory Board for a term of four years. The Supervisory Board will propose this appointment to an Extraordinary General Meeting of Shareholders (EGM), to be scheduled in the fourth quarter of 2021.
Mr. Nils Björkman, a Swedish national, worked for over 33 years at food processing and packaging solutions company Tetra Pak Group in a variety of senior positions around the world (Sweden, Canada, USA, United Kingdom and Switzerland). His last position was Executive Vice President of all commercial operations of the Tetra Pak Group, which he held until his retirement in March 2015. He has worked as a non-executive board member for several companies. Nils holds an MBA from the Stockholm School of Economics.
Edwin Moses, Chairman of Avantium's Supervisory Board commented: "We are delighted to nominate Nils Björkman for appointment to the Supervisory Board. He brings extensive expertise in the international packaging innovations business through his longstanding, senior career at Tetra Pak. We believe that Nils will be an important addition to our Supervisory Board and we look forward to working with him to help deliver on Avantium's strategic goals."
Avantium is a leading technology development company and a forerunner in renewable chemistry. Avantium develops novel technologies based on renewable carbon sources as an alternative to fossilbased chemicals and plastics. The company currently has three technologies at pilot and demonstration phase. The most advanced technology is the YXY® plant-to-plastics–technology that catalytically converts plant-based sugars into a wide range of chemicals and plastics, such as PEF (polyethylene furanoate). Avantium has successfully demonstrated the YXY® Technology at its pilot plant in Geleen, the Netherlands. The second technology is the Dawn Technology™ that converts non-food biomass into industrial sugars and lignin in order to transition the chemicals and materials industries to non-fossil resources. In 2018, Avantium opened the Dawn Technology™ pilot biorefinery in Delfzijl, the Netherlands. The third technology is called Ray Technology™ and catalytically converts industrial sugars to plant-based MEG (mono-ethylene glycol): plantMEG™. Avantium is scaling up its Ray Technology™ and the demonstration plant in Delfzijl, the Netherlands opened in November 2019. Next to developing and commercialising renewable chemistry technologies, the company also provides advanced catalysis R&D services and systems to customers in the refinery and chemical industries. Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.
Avantium's shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is included in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.
Caroline van Reedt Dortland, Director Communications, Avantium +31-20-5860110 / +31-613400179, [email protected]
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