8 June 2017
Industry Consortium receives funds (€25 million) for polyethylenfuranoate (PEF)
Amsterdam, the Netherlands: 8 June 2017 - Avantium proudly announces that a BBI subsidy of € 25 million has been granted to the Industry Consortium "PEFerence". The consortium, consisting of 11 companies including Synvina, Avantium, BASF, a number of reputable industrial companies and iconic brand owners. The partners will jointly work on establishing an innovative supply chain for FDCA and PEF, including the intended construction of a 50,000 tons reference plant in Antwerp.
EUR 25 million subsidy granted: Industry Consortium receives funds for polyethylenfuranoate (PEF)
- European Joint Undertaking on Bio-Based Industries (BBI) awards consortium with 25 million Euro
- Synvina coordinates industry consortium “PEFerence”
- Grant for establishing a complete value chain for the use of bio-based furandicarboxylic acid (FDCA) for PEF
- Synvina intends to build a 50,000 tons plant for FDCA