Avantium secures two additional offtake agreements for its planned FDCA biorefinery


Type of post: NEWS IN BRIEF.

Avantium Renewable Polymers (Avantium RNP) has signed two additional conditional offtake agreements for the supply of PEF, bringing the total to four. Avantium RNP aims to commercialise its proprietary YXY® technology, which is used to produce FDCA (furandicarboxylic acid), the main building block of PEF (polyethylene furanoate, plant-based resin to manufacture bottles and films).
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The partners involved include chemical company Toyobo (Japan), polyester film producer Terphane (USA), the beverage bottling company Refresco (Netherlands) and a major global food & beverage brand owner. Avantium has been in active discussions with various commercial parties on agreeing capacity allocations from the planned flagship plant. The offtake commitments signed so far represent 30% of the plant’s annual FDCA production capacity. Those commitments are subject to a positive final investment decision, financial closing, other customary approvals and party specific conditions. The partners will purchase Avantium’s FDCA or PEF at agreed price levels for a period of at least five years, depending on both the product application and the specific terms and conditions included in each agreement.

In addition to signing two more offtake agreements, further commercial progress has also been made recently. Avantium and the Carlsberg Group have signed a collaboration agreement to jointly develop several PEF applications (including the Green Fibre Bottle) with the aim to validate the circularity of the applications, which should lead to additional demand for FDCA from Avantium’s flagship plant. As a further sign of their commitment, Carlsberg has recently joined the PEFerence consortium (project funded under BBI JU).

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