Avantium announces 7.5 M€ grant to support the construction of its FDCA flagship plant

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Type of post: NEWS IN BRIEF. 

Avantium has announced that the National Programme Groningen has confirmed the award of a 7.5 M€ grant to support the construction of its 5 ktons furandicarboxylic acid (FDCA) flagship plant in Delfzijl (The Netherlands). 
Etiqueta: FDCA.
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The National Programme Groningen (a partnership between the Dutch national government, the Province of Groningen and ten municipalities) is investing in projects that contribute to the future and prosperity of Groningen, focussing on economic development, the quality of the living environment, energy transition and sustainability. The board of the National Programme Groningen confirmed the award to Avantium of a 7.5 M€ grant to support the construction of its FDCA flagship plant, designating it as an “icon project” for the region. The plant is planned to start up in 2023 and will provide around 60 jobs in the region. 

This grant is part of a 30 M€ financing mix that Avantium and the Groningen consortium (Province of Groningen, Groningen Seaports and regional investment funds NOM, FondsNieuweDoen, Investeringsfonds Groningen and Groeifonds) agreed upon in January 2020 and which has been previously announced. Avantium and the Groningen consortium will make further announcements on the details concerning the remaining 22.5 M€ when appropriate.

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