News
02-06-2022
Biorizon spin-off Relement raises 1 million Euro seed round to scale-up renewable coating ingredient
Biorizon spin-off Relement announces closing of its seed financing round by adding Brabant Startup Fonds (BSF), the Brabant Development Agency (BOM) and TNO as early investors. Smart Industries Fund, managed by Innovation Industries, already invested into Relement last year. In addition, Rabobank has recently provided an Innovation Loan to Relement. The total investment amount adds up to 1 million Euro.
This investment will allow Relement to proceed with scaling-up its launch product named bio MPA. It will also enable pre-commercial trials with selected front runner coating resin customers. Bio MPA is a unique bio-based chemical ingredient. It provides the missing link to make bio-based alkyd coatings. By replacing fossil oil based ingredients, a significant reduction of the coating CO2-footprint will be achieved. In addition, bio MPA will improve key properties of paint and coating such as scratch resistance.
Roger Blokland, CEO Relement: “The Relement team is very pleased with the support provided by our investment partners. These early and local investors subscribe to our mission, which is to provide sustainable chemical ingredients for everyday products which are difficult to recycle. The chemical industry is at the brink of a massive change towards sustainable products and Relement will be providing a solution for key markets.”
Relement, a spin-off from the Netherlands Organisation for Applied Scientific Research (TNO), is building on 7 years of research and development by TNO in the Biorizon program. Relement will provide sustainable chemical ingredients for everyday products such as coatings, adhesives, insulation materials, lubricants and many more. These are very difficult to recycle products and require better, more sustainable ingredients to lower their CO2-footprint. Relement will offer sustainable chemical ingredients made from locally sourced agricultural non-edible residues, not fossil oil.
Source: Relement
See also:
Revolution in the paint industry: Relement replaces petroleum with plant residues
Recently, the Dutch newspaper BNDeStem published an interview with Monique Wekking, CCO at Biorizon's spin-off company Relement. "At Relement, we are now able to convert raw material furfural, made from bagasse biomass, into a chemical compound called aromatics, a full-fledged alternative to fossil aromatics used in paint. The great thing is, it makes the paint not only bio-based, but also better in quality," Monique Wekking explains. "It improves the scratch resistance, for example."
Spin-off Relement realizes 1st small production campaign of bio-aromatic MPA with premium properties
TNO’s Biorizon spin-off Relement has finished the first sample production campaign to produce >25 kg MPA at >99,5% purity of bio-aromatic 3-methylphthalic Anhydride (bio-MPA). Relement used Biorizon’s facilities at the Green Chemistry Campus in the Netherlands for this campaign.
Biorizon spin-off Relement secures first capital investment
Biorizon spin-off Relement has raised its first capital investment from the TTT Smart Industries Fund that is managed by Innovation Industries, a leading deep-tech Venture Capital fund. Relement is uniquely positioned as a manufacturer of ingredients for coatings and materials, for which there is no renewable alternative today. The investment will enable Relement to contract partners for scaling up sample production for customers and strengthen technological development. An important milestone in the realisation of a more sustainable chemical industry.
TNO officially launches Biorizon spin-off Relement in presence of Dutch State Secretary
TNO’s 25th spin-off company, Relement, was announced during a digital working visit by Mona Keijzer, State Secretary for the Ministry of Economic Affairs and Climate Policy (EZK). Biorizon spin-off Relement creates chemical building blocks based on bio-residuals instead of oil, thereby helping to make the chemical industry more sustainable.
Relement BV introduces bio-aromatics to the market
Relement BV was founded in Bergen op Zoom in the quiet of summer this year: the first company to focus on the commercial production and marketing of bio-aromatics developed under the Biorizon programme. Relement was founded by and is a spin-off of TNO, the developer of this specific bio-aromatics technology within the Biorizon programme.
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This project is made possible by a contribution from the European
Regional Development Fund (ERDF) within the framework of OP-Zuid.
