Renewable chemistry company Avantium announced it has secured funding for the completion, commissioning, and start-up of its FDCA (furandicarboxylic acid) flagship plant and the acceleration of its commercial deployment. The plant is currently under construction in Delfzijl, the Netherlands. Production at the new facility - the world’s first commercial facility for the production of FDCA from plant-based sugars - is expected to commence in 2024.
The Amsterdam-based company expects to use 80% of the net procceds to fund the new plant, with another 15% going towards general expenses, and 5% towards scaling up its Volta Technology from pre-pilot plant to pilot plant scale. That technology uses electrochemistry to convert CO2 to high-value products and chemical building blocks such as glycolic acid. By combining glycolic acid with lactic acid, Avantium produces polylactic-co-glycolic acid (PLGA), a carbon-negative polyester with an excellent barrier against oxygen and moisture and good mechanical properties. Avantium and SCGC have been working together on PLGA since early 2023.
Avantium has also developed a proprietary YXY technology that uses catalysts to convert plant-based sugar (fructose) into FDCA, the key building block for a wide range of plant-based chemicals and plastics such as polyethylene furanoate (PEF). PEF is a 100% plant-based and recyclable plastic. Applications include polyesters, polyamides and polyurethanes, as well as coating resins, plasticisers, and other chemical products.