Avantium has shown strong strategic and commercial progress with the start of the construction of their FDCA Flagship Plant, with commercial production set to start in 2024. Avantium also signed nine new FDCA and PEF offtake agreements with major brand owners across a variety of applications. It recently announced a partnership with Origin Materials to accelerate the mass production of FDCA and PEF.
New offtake agreements
Eight new offtake agreements for FDCA and PEF (polyethylene furanoate) were secured in 2022 and early 2023 with well-known brand owners and industry leaders including Carlsberg, LVMH, AmBev and Henkel. In addition, Avantium announced that it has signed an offtake agreement with Kvadrat this month. The company from Denmark produces high-quality designer textiles, carpets, window coverings and acoustic solutions for both commercial and residential interiors. A total of 14 off-take agreements have now been signed for a wide range of applications.
Other activities
In Avantium Renewable Chemistries, operations of Ray Technology™ are back on track after a temporary pause in 2021 and preparations to scale-up to a commercial facility for plantMEG™ (mono-ethylene glycol) and plantMPG™ (mono-propylene glycol) have begun. For Volta Technology, two demonstration units have been successfully trialled at industrial sites in Germany and Greece. Avantium R&D Solutions (formerly known as Avantium Catalysis) has adopted a new growth strategy focusing on R&D solutions for sustainable chemistry, in addition to its existing offering; total revenues for Avantium R&D Solutions improved by 13%, compared with 2021, to €11.3 million.
See Avantium’s website for details.
Image: textile application from Kvadrat
