03-Sep-2008 - Chevron Corporation

Avantium Announces Master Services Agreement With Chevron Energy Technology Company

Avantium announced that it has entered into a master services agreement with Chevron Energy Technology Company for the application of high-throughput technologies in the development of catalysts in the oil and gas field. According to the company, this agreement allows Chevron Energy Technology Company to access high-throughput methodologies as part of the suite of tools used in the development of catalysts.

"The agreement with Chevron Energy Technology Company allows both parties to make use of the advantages of high-throughput technologies for the development of catalysts for the most demanding petrochemical processes. Our skills sets have proven to significantly reduce the time-to-market of new products and this agreement with Chevron Energy Technology Company demonstrates the value of our technological capabilities," commented Tom van Aken, Chief Executive Officer of Avantium.

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