Photanol and Akzo Nobel have collaborated to work on a specialised technology which makes use of cyanobacteria. This bacteria assists the technology to produce chemical building blocks from carbon dioxide.
Delfzijl/The Netherlands – A demonstration plant for a groundbreaking technology to produce chemicals from sunlight will be built at Delfzijl, the Netherlands by Akzo Nobel Specialty Chemicals and partner firm Photanol BV.
The companies formed a partnership in 2014 to jointly work on a technology using cyanobacteria that mimics the way plants use photosynthesis to produce chemical building blocks such as organic acids from carbon dioxide (CO2). These have applications in biodegradable plastics, personal care products and as intermediates for the chemical industry.
Photanol has closed a financing round with a group of Dutch investment firms that will allow the construction of the unit to go ahead; completion is expected in 2020. The new investors in Photanol are Groeifonds, Innovatiefonds Noord-Nederland and Investeringsfonds Groningen.