Statement Avantium about EU Innovation Fund

AMSTERDAM, 16 November 2021, 18:00 hrs CEST – Avantium N.V., a leading technology company in renewable chemistry, has taken note that its YXY^® Technology is not selected for a grant under the EU Innovation Fund of the EU Directorate-General for Climate Action. Avantium’s YXY^® Technology catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the building block of PEF (polyethylene furanoate): a 100% plant-based, fully recyclable polymer with a significantly lower carbon footprint. Avantium will evaluate this grant award decision. If appropriate, the Company will provide the market with further updates.

English statement in PDF

Nederlands statement in PDF