Avantium awarded €5.4 million grant from Netherlands Enterprise Agency for expansion of FDCA pilot plant

Dec 16, 2020 | 2020, Investor Relations, Press releases | 0 comments

AMSTERDAM, 16 December 2020, 07:00 CET – Avantium N.V, a leading technology company in renewable chemistry, announces that the Netherlands Enterprise Agency (RVO – Rijksdienst voor Ondernemend Nederland) has awarded the company a €5.4 million grant as part of the Demonstration Energy and Climate Innovation (DEI+) scheme, to be paid out in 16 tranches over a period of 4 years. This grant is solely designated for the expansion of Avantium’s FDCA (furandicarboxylic acid) pilot plant in Geleen (The Netherlands) and will therefore not be used for the potential construction of the FDCA flagship plant in Delfzijl. FDCA is the key building block for the high-quality, fully recyclable, plant-based polymer PEF (polyethylene furanoate) to be used in a wide range of applications such as bottles, packaging, film and textiles.

English press release in PDF
Nederlands persbericht in PDF

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