Avantium redefines its commercialization strategy of PEF

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Type of post: NEWS IN BRIEF.

After BASF left Synvina earlier this year, Avantium acquired 100% ownership of the joint venture. The YXY technology, know-how and people have reverted to Avantium and the business unit has been renamed Avantium Renewable Polymers in order to operate under the Avantium brand. During the last months, the company has explored different scenarios with potential partners and customers to redefine the commercialization strategy of PEF meeting both market and capital requirements. The Technology & Markets Day held at its headquarters in Amsterdam on 6th June served to unveil this strategy.
Press release: “Entering the Commercialization Phase for PEF”, 6/6/2019.
Related posts:
- “Synvina (Avantium and BASF JV) – The first FDCA biorefinery is coming”, 8/10/2016.
- “BBI JU awards PEFerence project with 25 M€ for establishing a complete FDCA value chain”, 9/6/2017.
More information about FDCA: FDCA biorefineries.
Other news about FDCA: FDCA label.

Figure 1. The way towards the PEF flagship plant and licensing business (extracted from the presentation “Deep Dive Renewable Polymers: Path to Flagship Plant”, Marcel Lubben, Avantium Managing Director, Technology & Markets Day, 6th June 2019)

Highlights of the new strategy:
- Avantium intends to build a cash-flow positive flagship plant with a planned annual capacity of 5 ktons of FDCA and PEF. Initially, the first FDCA plant would have a capacity of 50 ktons.
- The plant will produce products for high-value markets and performance applications such as high-barrier films and specialty bottles.
- Avantium maintains control of flagship and licensing business of YXY, while building a network of committed partners throughout the value chain.
- Worley (formerly Jacobs Engineering) is executing the detailed engineering studies.
- Site selection in northwestern continental Europe is to be completed in the second half of 2019.
- The investment decision for construction of the flagship plant is planned for the end of 2020 and it is slated to start up in 2023.

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