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Avantium and SCGC to accelerate market adoption for FDCA and PEF in Asia

Avantium and SCGC to accelerate market adoption for FDCA and PEF in Asia
PEF-based monofilament yarns (photo courtesy Avantium).

The Netherlands-headed Avantium N.V., a leading company in renewable and circular polymer materials, and Thailand-headed SCG Chemicals Public Co. Ltd (SCGC), a leading innovative polymer producer, are expanding their collaboration on Avantium’s FDCA and PEF technology. Together, they aim to accelerate the market adoption for FDCA and PEF in Asia.

Avantium and SCGC are long-term strategic partners. SCGC, through SENFI Ventures, is a cornerstone investor in Avantium and furthermore collaborates with Avantium in carbon dioxide (CO2)-based polymer technology.

Building on their strategic Letter of Intent (LoI) from January 2024, the companies have decided to take the next step in their collaboration and accelerate the market adoption for biobased furandicarboxylic acid (FDCA) and polyethylene furanoate (PEF) in Asia.

This is backed by Avantium’s achievement in securing global industrial-scale capacity reservations and Flagship Plant offtake agreements in key markets such as rigid packaging and apparel.

One of our aspirations is to become a leader in sustainability and green innovation. Avantium’s expertise in green business technology, along with SCGC’s presence in Asia, creates a solid basis for our collaboration. This initiative aligns with our strategy to grow our eco-friendly business and addresses the rapidly increasing demand for sustainable plastics in the Asian market, said Dr Suracha Udomsak, Chief Operations and Innovation Officer at SCGC.

A joint team will work with local and global brands to validate the market potential, further develop FDCA and PEF applications, and enhance volume commitments across the region to underpin future large-scale production in Asia.

We are delighted to deepen our partnership with SCGC, a key partner that shares our commitment to sustainability and innovation. SCGC’s commitment to work with Avantium to accelerate the market adoption of FDCA and PEF in Asia through joint market studies marks an important development in our global commercialization strategy, said Tom van Aken, CEO of Avantium.

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