Evertree is on a journey. Follow our progress.
The company has now successfully completed a series of industrial trials and in 2019 will be marketing a first solution to significantly reduce the presence of volatile organic compounds (VOC) in wood-based composite panels.
A €15 million increase in capital has boosted its resources and thus accelerate the development of novel solutions for other industries concerned by VOC.
Paris, 13 June 2018 — Two years after its creation and a year after the first innovation center was opened in Venette (Oise) EVERTREE has successfully completed a series of industrial trials that have fully validated the usefulness of its first solution developed specifically for the wood-based composite panel industry. On the market as from 2019, this solution will be able to significantly reduce the presence of petroleum-based resins in these panels and the pollution linked to the volatile organic compounds (VOC) thus generated.
As the first alternative to the resins used at present, this solution opens the way to a new generation of wood-based composite panels (OSB, MDF/HDF and chipboard). It consists in a resin additive obtained using rapeseed protein, which will be marketed under the SynerXiD™ brand.
This industrial advance has been accompanied by a €15 million increase in capital subscribed by the partners initially involved in setting up the company in June 2016: the AVRIL Group and Bpifrance, through the Sociétés de Projets Industriels (SPI) investment fund managed in the context of the French government’s Programme d’Investissements d’Avenir (Investments for the Future program, PIA).
This operation aims to accelerate industrialization of the current solution and enable the development of others based on plant chemistry that could effectively control VOC, the principal cause of indoor air pollution.
Present in a wide variety of everyday products – resins, coatings, paints or even some materials – VOCs are the subject of much attention from both industry and consumers because of their harmful effects on health and the environment. Indeed, according to an American study on air pollution in urban areas that was published on 16 February 2018 in the journal Science, 53% of VOC emissions arise from everyday consumer products.
According to Nicolas MASSON, EVERTREE’S CEO: “This increase in our resources reflects the trust of our partners and subscribers in the potential offered by plant chemistry to control VOCs and improve air quality. As we progress towards commercializing our first industrial solution, we are now ready to accelerate the development of new solutions to address VOCs wherever they occur.”
For Michel BOUCLY, Deputy CEO of the AVRIL Group: “Vegetable proteins offer numerous options which can respond effectively to many of the environmental and health challenges that are of concern to both industry and consumers. By enhancing our valorization of the protein fraction of rapeseed grain, Avril is fully mobilized to provide practical, innovative and sustainable responses to these challenges. This increase in the resources devoted to the promising growth of Evertree is an important illustration of this commitment, of which we are particularly proud.”
And for Magali JOESSEL, Director of the SPI Fund at Bpifrance: “We are delighted to have renewed our confidence in Evertree, which has achieved successful completion its series of industrial trials on this solution to air pollution. Funding of a breakthrough innovation of global importance in renewable chemistry is emblematic of Bpifrance’s commitment to serving energy and environmental transition and structuring an innovative sector that will create jobs.”