Avantium plans to launch sales from the world's first FDCA plant in the second half of 2025
Bio-based Energy and Materials
2025-03-21 09:34:51
On March 19, the bio-based polyester leader Avantium released its 2024 annual report. The financial data shows that Avantium's total revenue for 2024 was 21.036 million euros (a year-on-year increase of 7%).
Avantium made significant progress in 2024, with its world's first FDCA flagship plant completed in Delfzijl, the Netherlands, accumulating over one million safe working hours, and planning to start sales in the second half of 2025. The capital expenditure for the plant reached 189 million euros, with a total annual financing of 116.2 million euros (81.2 million euros in equity + 35 million euros in loans), and received a 9.9 million euro subordinated loan support from the province of Groningen, the Netherlands. PEF has obtained FDA food contact approval in the United States, passed PET recycling stream certification in Europe, the United States, and Japan, and completed FDCA chemical registration in China, paving the way for its application in beverage packaging, textile yarns, and luxury goods.
On the technical level, Avantium developed Dawn Technology, utilizing hydrochloric acid to efficiently fractionate polyester cotton waste, converting cotton into glucose as a raw material for FDCA, achieving polyester recycling, with results published in Nature Communications; YXY® technology has realized full coverage of continuous PEF production, cooperating with EPC Engineering to advance the goal of annual production exceeding 100,000 tons.
In terms of business cooperation, Avantium and Plastipak develop PEF beverage bottles, cooperate with Auping on sustainable mattress yarn, and join hands with Parfums Christian Dior to launch PEF luxury packaging; in the Asian market, they collaborate with SCG Chemicals to advance PEF and PLGA (poly(lactic-co-glycolic acid)) carbon capture pilots, where PLGA is synthesized by Volta Technology through electrochemical conversion of CO2 and bio-based lactic acid, possessing carbon-negative potential.
In addition, Avantium made a series of strategic adjustments in 2024, including suspending its investment in plant-based ethylene glycol with Ray Technology and planning to sell assets, focusing on the core business of PEF; Volta Technology received 3.5 million euros in funding from the EU for formic acid production research and development. The company has consolidated its global leadership position in the field of renewable polymers through capacity priority agreements (Helios Resins, Amcor) and the expansion of raw material diversity (such as syrup and other second-generation raw materials).
As the international leader in bio-based polyesters, it conducted two major signings in February 2025 alone. On February 11, Avantium N.V. and Amcor Rigid Packaging USA, LLC announced a joint development agreement to jointly explore the application of Avantium's plant-based polymer PEF (branded as Releaf®, a 100% plant-based, high-performance polymer) in rigid containers for various products, covering areas such as food, beverages, pharmaceuticals, medical, home, and personal care.
On February 5, 2025, Avantium N.V. and EPC Engineering & Technologies signed a cooperation agreement aimed at advancing the commercialization of continuous PEF polyester production technology, with a target plant capacity of 100,000 tons per year or more. Both parties will integrate technologies and processes, combining POLYMETRIX's solid state polymerization (SSP) technology, and the PEF cPol technology will be included in Avantium's YXY technology licensing package.
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