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
The European Joint Undertaking on Bio-Based Industries (BBI), consisting of representatives from the European Union and the bio-based industry, granted 25 million Euro to “PEFerence”, a consortium of eleven companies. The grant supports the establishment of an innovative value chain for bio-based raw materials as well as chemicals and materials based on polyethylenefuranoate PEF. It includes the intended construction of a 50,000 tons FDCA reference plant, the main chemical building block for the production of PEF. Synvina will be coordinating the “PEFerence” project.
BBI acknowledges the engagement of “PEFerence” for more eco-friendly materials and end products, resulting in substantial benefits for the environment and society. Based on renewable feedstock, products made of PEF will significantly help to replace fossil-based packaging materials and to reduce greenhouse gas emissions, following BBI’s assessment. PEF is an innovative polyester suitable for applications such as bottles, films and polyurethanes.
More information on the Avantium-website.