Dutch Avantium spin-off Carbeau secures €35.2 million in funding

en.Wedoany.com Reported - Avantium has spun off its electrochemical Volta technology into a new independent company, Carbeau, effective retroactively from April 1, 2026. Carbeau has secured a total of €35.2 million in funding, including €23.7 million in cash from external investors and €11.5 million in in-kind contributions from Avantium.

The external investor consortium brings together industrial, financial, and regional expertise, including strategic partners GKT (Austria) and Al Baleed Petrochemical (Oman), as well as financial and regional supporters Invest‑NL and NOM. Avantium remains a significant shareholder, holding a 32.7% stake.

Carbeau is commercializing an electrochemical platform that uses electricity (preferably from renewable sources) to convert CO₂ into chemical building blocks. Initial product targets include glycolic acid for personal care and PLGA, a compostable plastic with strong barrier properties and marine degradability, which is cost-competitive compared to fossil-based traditional products.

Headquartered at the Amsterdam Science Park, Carbeau plans to build a pilot plant in Delfzijl to leverage the region's industrial and carbon capture and utilization (CCU) infrastructure. The company is led by a management team with extensive experience in technology development, scaling, and commercialization, while Avantium focuses on its renewable polymers business and supports Carbeau as a significant shareholder.