Relement BV is a spin-off from Dutch Research and Development institute TNO. The company is positioned as a manufacturer of bio-aromatic ingredients for coatings and materials, for which there is no renewable alternative today.
“Innovation Industries is known for investing in knowledge-intensive and deeptech companies. Relement is such type of company and welcomes visionary investors who understand the large opportunities that the chemicals market has to offer” comments Roger Blokland, CEO of Relement.
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.
“Relement has proven that it is possible to use inedible biomass instead of a fossil feedstock while making a product that has superior quality and durability. We hope that our investment encourages other investors to support Relement and to join this round,” said Harm de Vries, partner at the TTT Smart Industries fund.
Image: Franck Boston/Shutterstock
