Avantium Signs PEF Capacity Reservation Agreement with BIOVOX for Pharmaceutical Applications
Recently, Avantium announced that it has signed a capacity reservation agreement with BIOVOX, a pioneer in sustainable healthcare plastics. Under this agreement, BIOVOX commits to using Avantium's PEF (polyethylene furanoate) for various pharmaceutical applications. This PEF is expected to be produced in future industrial-scale facilities, and the multi-year capacity reservation ensures that BIOVOX has priority access to PEF produced in Avantium's future authorized network.As a supplier of medical-grade renewable polymers and compounds, BIOVOX has assessed the use of PEF in various pharmaceutical and medical applications. Compared to traditional petrochemical-based materials, pharmaceutical packaging based on PEF offers significant environmental benefits, aligning with the growing demand for sustainable solutions in the pharmaceutical industry.
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