Assembly Line

Amsterdam’s renewable chemistry firm Avantium secures €70M to launch FDCA plant in the Netherlands

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Avantium

Amsterdam-based Avantium, a company specialising in sustainable chemistry technologies, has raised €70M through a capital increase, comprising a €50.5M fully underwritten rights offering and a €19.5M institutional upsize offering.

Founded in 2000 by Claude Stoufs, Avantium is a pioneering company focused on renewable polymer materials, using proprietary technologies like YXY to convert plant-based sugars into FDCA (furandicarboxylic acid), a key component for sustainable plastic PEF (polyethylene furanoate). PEF, being 100 per cent plant-based and recyclable, finds applications in various products such as polyesters, polyamides, polyurethanes, coating resins, plasticisers, and other chemical products.

Read more at Silicon Canals