Helios Resins signs multi-year capacity reservation agreement to purchase FDCA developed by Avantium

Jan 16, 2024 | 2024, Press releases | 0 comments

AMSTERDAM, 16 January 2024, 18:00 hrs CET – Avantium N.V., a leading company in renewable and circular polymer materials, announces that Helios Resins, a Slovenian based producer of advanced coating- and composite resins, has signed a capacity reservation agreement for FDCA (furandicarboxylic acid) developed by Avantium. FDCA is a raw material whose commercial applications include coating resins, surfactants, polyamides, polyurethanes and the 100% plant-based polymer material PEF (polyethylene furanoate).

Helios Resins intends to purchase FDCA from a future industrial-scale facility, based on a technology license from Avantium. Avantium’s business model is to sell technology licenses enabling industrial partners to build industrial-scale production facilities of (over) 100 kilotonnes per annum, utilising Avantium’s YXY® Technology for the production of FDCA and PEF. Avantium has already entered into its first licensing agreement and has the ambition to sell multiple technology licenses in the coming years. This capacity reservation signed by Helios Resins underpins the commercial momentum of such technology licensing agreements and the demand for FDCA.

 English press release in PDF

Nederlands persbericht in PDF

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