Virent and the PlantPET Technology Collaborative (PTC) signed an expression of interest that provides individual members of the PTC an option on preferred access to Virent’s 100% plant-based BioFormPX paraxylene (PX) to be produced at the company’s first industrial manufacturing facility. The plant-based PX, when combined with existing PET technology, allows manufacturers to offer customers 100% renewable, recyclable PET packaging and polyester fibers.
The PTC is comprised of companies including The Coca-Cola Company, Ford Motor Company, H.J. Heinz Company, NIKE, Inc. and The Procter and Gamble Company, all large users of PET for packaging materials or PET polyester fiber for textiles. The PTC was formed to accelerate and support the commercial production of bio-based PET polyester
To capture economies of scale, the expression of interest states that PTC members have the opportunity to source bio-based PET that has been produced using BioFormPX product from Virent’s industrial manufacturing facility. Virent is progressing discussions with potential manufacturing partners to assist with the deployment of its BioForming technology to produce BioFormPX product at commercial scale.
For more information, visit: www.virent.com
