Photanol uses modified cyanobacteria to produce chemicals from CO2 through photosynthesis. The demo plant is an essential step towards scaling up production of organic acids which can be used in biodegradable plastics, personal care products and as intermediates for the chemical industry. V\u00e9ronique de Bruijn CEO Photanol BV said: \u201cThe Photanol team is keen to prove to the world that we can make a big difference by producing clean chemicals while reducing the CO2 burden on the environment.\u201d Peter van Gelderen, partner and CIO at cleantech investor Icos Capital added: \u201cWe are very excited about Photanol\u2019s move forward helping to address climate issues with a strong business case.\u201d<\/p>\n\n\n\n
New shareholders<\/strong> Sustainable chemical industry<\/strong> About Photanol BV<\/strong> Chemical Park Delfzijl with AkzoNobel site where Photanol builds its demonstration plant<\/em><\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Photanol BV, Amsterdam, has closed a substantial new financing round (\u20ac8M) to demonstrate its industrial capabilities to produce chemicals from CO2 and sunlight. The commitment of new shareholders GROEIfonds, Innovatiefonds Noord-Nederland and Investeringsfonds Groningen, as well as the continued support of the Dutch Government and existing shareholders UvA Ventures Holding and Icos Capital allow for…<\/p>\n","protected":false},"author":3,"featured_media":2755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[43],"tags":[],"class_list":["post-12867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chemistry"],"yoast_head":"\n
The new shareholders GROEIfonds, Innovatiefonds Noord-Nederland and Investeringsfonds Groningen, are keen to drive the next step towards commercialisation with the construction of the demonstration plant in Delfzijl. Sytze Hellinga, Investment Manager at GROEIfonds: \u201cThis demonstrates that there is good synergy for cleantech innovations within the Groningen ecosystem and an important role for Photanol to drive the regional development and implementation of clean chemistry innovations.\u201d<\/p>\n\n\n\n
The new investment and the continued support of existing shareholders alongside strategic partners are a testament to the potential of Photanol’s CO2 to chemicals technology, De Bruijn said.
Marco Waas, Director RD&I and Technology at Akzo Nobel Specialty Chemicals added: \u201cThe joint development of Photanol\u2019s production capability is part of our strategic choice to collaborate with innovative companies to develop a sustainable chemical industry.\u201d Peter Krijnsen, CEO UvA Ventures Holding: \u201cWe are very proud that the University of Amsterdam spinoff Photanol has achieved this significant milestone, further advancing its technology development with powerful partnerships to fulfil its potential for a global impact.\u201d<\/p>\n\n\n\n
Photanol B.V. was established in 2008 by UvA Ventures Holding BV and the UvA’s Swammerdam Institute for Life Sciences (SILS), with an additional investment by Icos Capital in 2012 and is headquartered at Science Park Amsterdam. The company focuses on the development of valuable and clean chemicals that are produced efficiently and sustainably using modified cyanobacteria, which take sunlight and CO2 as raw materials. The goal is to provide biofuel and biochemical compounds that fit the 21st-century environmental constraints by being sustainable and energy efficient.<\/p>\n\n\n\n![\"\"](\"https:\/\/www.groningen-seaports.com\/wp-content\/uploads\/IMG_9692_kl.jpg\")
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