The Coca-Cola Company has announced that it is making an additional investment in the development and commercialization of Virent’s biobased paraxylene, BioFormPX™. This investment will enable Virent to scale up separation and purification of BioFormPX material at its demonstration plant in Madison, WI.
“Over the course of our work together, Virent has continuously delivered on their commitments and advanced their technology. That progress supports building additional capability for Virent and advances us on the path to a full-scale commercial solution for our 100% plant-based PET plastic packaging,” says Scott Vitters, General Manager, PlantBottle™ Innovation Platform at The Coca-Cola Company.
Virent and The Coca-Cola Company have been working together since 2011, when they first announced their Joint Development Agreement and a Master Supply Agreement focused on the development of biobased PX technology.
“The Coca-Cola Company continues to be a valued partner for Virent. Their intention to use our BioFormPX material in the next generation of PlantBottle packaging is critical in attracting manufacturing partners from the PET supply chain. This—along with the progress we’ve made in our joint development—moves us closer to seeing the first commercial 100% biobased PET bottles on retail shelves made using Virent technology,” says Lee Edwards, Virent CEO.
In the course of their work with The Coca-Cola Company, Virent has progressed their PX technology to commercial readiness, improved the process economics, and produced biobased PX that has been converted by The Coca-Cola Company into 100% biobased PET bottles. This new investment will allow production of larger quantities of BioFormPX material.
Virent has run its demonstration system to fulfill a number of fuel and chemical orders since it started operation in 2010. This added capability to produce larger quantities of purified PX will be combined with additional system enhancements to increase production capabilities, including larger volumes of bio-fuel and other bio-materials.