Avantium First Half 2023 Results: Avantium continues to show strong progress in executing the commercialisation strategies for its proprietary technologies

Aug 16, 2023 | 2023, Investor Relations, Press releases, Results | 0 comments

AMSTERDAM, 16 August 2023, 07:00 hrs CEST – Avantium N.V. (Euronext Amsterdam and Brussels:
AVTX), a leading technology company in renewable chemistry, today reports its 2023 half year results.
Key Business Progress in the First Half of 2023:
• Construction of Avantium’s FDCA Flagship Plant remains on track, with commissioning activities expected to commence in the first quarter of 2024 and FDCA production in the second half of 2024.
• Avantium has made further progress in the development of the Ray plantMEG™ and Ray plantMPG™ technology and secured a conditional grant award of €53 million from the National Growth Fund, an instrumental step for the funding of the construction of a Flagship Plant in the Netherlands.
• Avantium’s Volta Technology, a carbon capture and utilisation platform, is advancing towards a stage gate decision on the construction of a pilot plant, further supported by the previously announced collaboration with SCGC.
• Avantium has signed a collaboration agreement with Norsk Hydro for further development of Avantium’s Volta electrochemistry technology platform to develop innovative and sustainable solutions for Norsk Hydro.
• Avantium R&D Solutions is successfully executing its strategy for R&D solutions for sustainable chemistry, securing additional orders and a strong revenue backlog for 2023.

 English press release in PDF

Video HY2023

Investor Presentation

Aerial video FDCA Flagship Plant

Photos FDCA Flagship Plant

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