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News Siam Cement Group gains 3% stake in Avantium

Siam Cement Group gains 3% stake in Avantium

Written by Global Cement staff 12 February 2024
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Netherlands: Siam Cement Group has acquired new shares in electrochemistry start-up Avantium through its affiliate Senfi Ventures. Reuters has reported that the Thailand-based group now holds a 3% stake in Avantium, through total investments of US$4.82m.

Avantium’s technologies include the Volta system, which produces commercial chemicals using captured CO2. Avantium previously tested the system at a Titan Cement Group cement plant in Greece.

Last modified on 14 February 2024
Published in Global Cement News
Tagged under
  • Netherlands
  • Siam Cement
  • SCG Chemicals
  • diversification
  • Acquisition
  • startup
  • Avantium
  • Sustainability
  • chemicals
  • CCUS
  • GCW646
  • carbon capture
  • decarbonisation
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