Avantium secures financing milestone with €25 million EU funding for FDCA flagship plant

AMSTERDAM, 28 November 2019, 08:30 CET – The Bio-based Industries Joint Undertaking (BBI JU), an EU body, reconfirmed to award the PEFerence consortium, coordinated by Avantium Renewable Polymers, with a €25 million “PEFerence” Horizon 2020 grant. This grant supports the establishment of an innovative value chain for the use of plant-based FDCA (furandicarboxylic acid) and PEF (polyethylene furanoate) and represents an important financing milestone for Avantium on its path towards a flagship plant to make FDCA and PEF commercially available.

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