Axieo partners with Monash University to Establish an Innovation Hub 


Australian manufacturers are set to benefit from a new partnership between an Australian university and an innovative new local company.

Axieo and Monash University have embarked on a three-year partnership to research and explore opportunities to co-develop innovative solutions for the food and nutrition, plastics, agriculture and mining sectors, and provide industrial training opportunities for graduates in chemical science and engineering.

The “Axieo Centre for Innovation” will be housed within the new, state-of-the-art Green Chemical Futures building at Monash.

Axieo CEO Sam Bastounas, who holds a Bachelor of Science (Hons) in Chemistry and a Master of Business Administration from Monash University said that innovation is the key to unlocking the potential for local industry to be globally competitive.

“Axieo serves customers in 109 manufacturing sectors, and one of the key competitive advantages we offer is our commitment to work with them to create products that are better for consumers and better for our environment as well.

“Monash University’s Green Chemical Futures facility provides state-of-the-art facilities and equipment and the world class skills and knowledge of Monash staff. 

“We are excited about the potential that close collaboration between Monash University’s researchers, our industry partners and our team has to customise proprietary technology and provide innovative solutions to our local customers.”

“Through Monash’s industry links via the C&P Manufacturing Innovation Network, incubation support from the Victorian Centre for Sustainable Chemical Manufacturing (VCSCM) and Axieo’s global network, this partnership is poised to do great things”, Mr Bastounas said.

Mr Joseph Lawrence, Director of Industry Partnerships at Monash University said: “We are excited about this engaging partnership, which combines Monash University’s world-class capability in chemical sciences with Axieo’s entrepreneurial drive and expertise to deliver innovative, tailored solutions to the challenges faced by Axieo’s customers in a wide ranging global marketplace.

“There is great value in stimulating collaboration between a dynamic company such as Axieo and a world class University, and I have no doubt that Axieo and Monash will together create global industrial impact going forward,” said Mr Lawrence.

The Green Chemical Futures is a $72.8 million facility at Monash University. It provides a unique platform in Australia, to enable collaborations between industry and academia, to foster world-class innovation and training.

About Axieo

Axieo connects customers with global products, ideas, and innovation through its Specialties and Masterbatch businesses.

The Axieo team’s extensive product and technical knowledge, and commitment to working closely with customers and Principals to identify emerging needs and develop solutions, has established a reputation as a vital link between global partners and local markets.

Customer R&D is combined with Axieo application capability to provide innovative solutions for customers through best in class food ingredients and raw materials for markets like pharmaceuticals, coatings, plastics, personal care and agriculture.

About the Victorian Centre for Sustainable Chemical Manufacturing (VCSCM)

The VCSCM is a consortium of leading research providers (Monash University and the CSIRO), state regulator (EPA Victoria), peak industry body (Plastics and Chemicals Industry Association), supported by the Victorian Government.

VCSCM has developed a unique model where sector specialists work with companies and industry bodies to identify the problems that require innovative solutions to ensure ongoing growth and sustainability. Sector specialists then pull together teams and capabilities to deliver the optimum solutions.

VCSCM has, to date, developed solutions utilising green chemistry and engineering that have helped greater than sixty companies in the food and industrial sectors, to increase their profits, competitiveness, and reduce environmental impact.

About the Chemicals and Plastics (C&P) Manufacturing Innovation Network and Training Program

The C&P Manufacturing Innovation Network and Training Program led by Monash University and the Plastics and Chemicals Industries Association (PACIA) is a program supported by the Victorian Government with over 20 chemicals industry partners, including Australian SMEs and multinationals. Its purpose is to increase collaboration between SMEs and multinationals in the C&P industry, enhance manufacturing innovation and deliver a new generation of science and engineering professionals for the C&P industry. 


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