Avantium spins out Volta technology into new company
Volta Technology is an electrochemical platform that converts CO₂ into high-performing chemicals using electricity. Carbeau is backed by a strong investor consortium comprising GKT, Invest‑NL, Al Baleed Petrochemical and NOM, alongside Avantium. The company has secured a total of €35.2 million (US$41 million) in funding, including €23.7 million in cash contributions from external investors and a 11.5 million in-kind contribution (non-cash) from Avantium. Following the transaction, Avantium retains a 32.7% shareholding in Carbeau.
Carbeau’s initial product focus includes glycolic acid for the personal care market and polylactic‑co‑glycolic acid, a compostable plastic that is marine biodegradable and has strong barrier properties. The company will be headquartered at the Amsterdam Science Park, maintaining close ties with Avantium’s broader innovation ecosystem.
Category: Chemicals & Materials
