> ## Content Index > Fetch the complete content index at: https://www.plasticsiq.com/llms.txt > Use this file to discover other available public pages before exploring further. # Avantium completes spin-out of Parana Technology into Parana Materials - URL: https://www.plasticsiq.com/avantium-spin-out-parana-technology-parana-materials/ - Published: 2026-11-04T15:02:33.000Z - Updated: 2026-11-04T15:02:33.000Z - Description: The new company focuses on the development and commercialisation of plant-based, high-performance polyesters. - Author: Rhiannon Temporal - Tags: Mergers & Acquisitions, Materials, News [**Avantium N.V.**](https://avantium.com/?ref=plasticsiq.com) **announces the completion of the spin-out of its Parana Technology into Parana Materials B.V. The new, independent company is focused on the development and commercialisation of plant-based, high-performance polyesters like PISA, PISOX and PEIT/PEIF. The move is part of Avantium's strategy to focus resources and investments on its core FDCA and PEF business while enabling other technologies in its portfolio to pursue independent growth and commercialisation pathways.** --- Parana Technology enables the production, application and recycling of renewable, high-performance polyesters through simpler, more cost-effective synthesis routes using commercially available monomers like isosorbide, succinic- and oxalic acid, and bio-MEG and production in existing industrial assets. The technology portfolio includes oxalic acid-based PISOX polyesters boasting sustainability characteristics like marine degradability and the potential for a carbon-negative footprint, as well as PISA, PEIT and PEIF polyesters that combine high mechanical and thermal performance with renewable content for packaging, consumer goods and speciality applications. > Gert-Jan Gruter, Chief Technology Officer and Founder of Parana Materials, said, “Parana Materials starts with a clear mission: to turn a distinct portfolio of plant-based polyester technologies into practical solutions for customers. Operating as an independent company gives us the focus and agility to develop PISOX, PISA PEIT and PEIF together with partners, using production routes designed to fit existing industrial infrastructure. We look forward to building the company and translating customer interest into concrete applications.” Avantium has transferred the assets associated with Parana Technology to Parana Materials, including intellectual property, expertise, projects and a dedicated team. Among the Founders of Parana Materials is Gert-Jan Gruter, currently serving as CTO and is the inventor of the Parana Technology, who will become Chief Technology Officer of Parana Materials. The company will be led by Willem-Jan Meijer, who has over a decade of experience in strategy, licensing, business development and the commercialisation of sustainable technologies. ### Brightlands Chemelot Campus is home to Parana Materials Parana Materials has been established at Brightlands Chemelot Campus in Geleen, the Netherlands. The company will assume responsibility for the operation of Avantium's polymerisation pilot plant unit under a lease arrangement. The unit will support Parana Materials' development, scale-up and customer application activities. It will also be used for third-party tolling, allowing Avantium to reduce its overall cost base with minimal operational disruption. Avantium will continue to own the unit and retain access. Supporting the next phase of development and commercialisation, Parana Materials has secured backing from LIOF Participatiefonds, Limburg's regional development agency, as well as from its Founders. Additionally, the company has been awarded support through the Just Transition Fund (JTF) and the Demonstration Energy and Climate Innovation (DEI+) programmes. “Parana Materials combines innovative technology with strong international growth potential,” said Jeffrey Lutje Spelberg, Investment Manager of LIOF. “Our investment supports its technical and commercial development while strengthening Limburg’s biobased materials cluster. Its presence at Brightlands Chemelot Campus creates new opportunities for collaboration and innovation, helping build lasting economic value for the region.” “The completion of the Parana spin-out is another important step in the execution of our strategy. By creating an independent company with dedicated leadership, funding and development resources, we believe Parana Materials is well positioned to advance its promising polyester technology platform. At the same time, the transaction enables Avantium to sharpen its focus on the commercialisation of FDCA and PEF and the execution of our licensing strategy. Through our shareholding in Parana Materials, we retain exposure to the future value creation potential of the technology while allowing the business to pursue its own growth trajectory,” concluded Tom van Aken, Chief Executive Officer of Avantium.