Avantium shareholders give green light for the construction of the world’s first FDCA Flagship Plant

AMSTERDAM, 25 January 2022, 18:00 hrs CEST – Avantium N.V., a leading technology company in renewable chemistry, is pleased to announce that its shareholders have granted the requested approvals for all items on the agenda of today’s Extraordinary General Meeting (EGM). This includes the items related to the positive Final Investment Decision on the construction of the world’s first FDCA Flagship Plant taken in December 2021. FDCA (furandicarboxylic acid) is the main building block of the 100% plant-based, recyclable plastic PEF (polyethylene furanoate), which also has functional advantages over plastics made from petroleum. Approval was also granted for the authorisation to the Management Board to issue 2.84 million warrants to a consortium of banks as part of a €90 million Debt Financing Package, as well the authorisation to the Management Board to issue €45 million in ordinary shares.

 English press release in PDF

Nederlands persbericht in PDF