Newlight Technologies Signs 15-Year Production License Agreement With Paques Holdings bv6/7/2016
Balk, Netherlands, July 6, 2016
Newlight Technologies (www.newlight.com) and Paques Holdings bv (www.paques.nl) announced today that they have entered into a 15-year technology license agreement that will allow Paques to manufacture, process and sell bioplastics based on Newlight’s proprietary greenhouse gas to AirCarbon™ conversion technology, at a rate of up to 1.3 million metric tons per year. Under the agreement, Paques and Newlight will work together both commercially and technically to accelerate the expansion of AirCarbon production capacity globally.
In recent years Newlight has developed a breakthrough technology for the conversion of methane-based greenhouse gases into biobased AirCarbon thermoplastics using an ultra-high yield biocatalyst, which combines greenhouse gas with air to produce a bioplastic material that can be used to make a range of products, from furniture to building materials.
Paques is a world-leading company in the environmental biotechnology sector which over decades has been at the forefront of introducing and upscaling innovative bioreactor systems. Paques is a global leader in the field of high rate anaerobic wastewater treatment and gas treatment. The BIOPAQ® technology offers a broad range of anaerobic systems whereby microbes convert organic pollutants in wastewaters to biogas. In addition, Paques’ THIOPAQ® technology is well known for highly efficient and cost-effective purification of biogas streams, such as landfill gas. All these biogas streams form an ideal carbon source for the AirCarbon technology.
Stephan Bocken, CEO of Paques: “We are extremely excited about the collaboration with Newlight. The AirCarbon technology complements our own developments in this field and fits very well within the vision of Paques to revitalize resources. It is the ambition of Paques to use our biotech knowledge to upcycle waste streams to high quality materials and chemicals. This is exactly what the AirCarbon technology allows us to do.”
Mark Herrema, CEO of Newlight, adds to this: “With over 1,800 installations throughout the world, from the Netherlands to China to Brazil, Paques is a world leader in industrial biotechnology. As such, we believe that the collaboration between Paques and Newlight has the potential to create a significant impact. We share Paques’ vision to revitalize the world’s resources, and look forward to working together to deploy Newlight’s greenhouse gas conversion technology to do that.”
For more information about Newlight's technology, see below.
Paques has over 30 years experience in helping industries and municipalities to reduce their water and carbon footprints and reclaim valuable resources. Paques’ reactor systems are found in all kind of industries and applications, such as food, pulp and paper, beer and beverages, distilleries and chemical industry. Since 1980, Paques realized more than 1800 references worldwide. Besides the Global and European headquarters in The Netherlands, Paques has regional headquarters in China, South America, India, South-East Asia & North America. This ensures local presence and the best service for clients worldwide.
For more information, please visit www.paques.nl or contact: email@example.com, or +31-514-608-500.
Newlight Technologies is a sustainable materials company using carbon capture technology to produce high-performance materials that replace oil-based materials on a market-driven basis. Newlight was founded in 2003 with a question: why can't we use carbon that would otherwise go into the air as a resource to make materials? Over the course of 10 years of research and development, Newlight developed a biotechnological process to produce a material called AirCarbon™: a family of high-performance polyhydroxyalkanoate (PHA)-based thermoplastic materials made from carbon emissions that are able to match the performance of a range of oil-based plastics while out-competing on price. Today, Newlight is using greenhouse gas to produce materials used in the production of packaging, furniture, electronics accessories, caps, and a variety of other products. Following commercialization in 2013, AirCarbon was named "Biomaterial of the Year" by the Nova Institute in 2013, "one of the 100 most technologically significant innovations of the year" by R&D Magazine in 2013, and 2014 "Innovation of the Year" by Popular Science.
For more information, please visit www.newlight.com or contact: firstname.lastname@example.org, or +1-714-556-4500.
SOURCE Newlight Technologies / Paques