National Programme Groningen awards EUR 7.5m to Avantium's FDCA project
The Netherlands-headed enewable chemistry technology company, Avantium N.V. has announced that the National Programme Groningen has confirmed the award to the company of a EUR 7.5 million grant towards the construction of a 5 000 tonnes-per-annum bio-based furan dicarboxylic acid (FDCA) flagship plant, to be built in Delfzijl. FDCA is a key building block for many chemicals and plastics such as polyethylene furanoate (PEF).
This grant is part of a EUR 30 million financing mix that Avantium and the Groningen consortium, which comprises of the Province of Groningen, Groningen Seaports and regional investment funds NOM (Investment and Development Agency for the Northern Netherlands), FondsNieuweDoen, Investeringsfonds Groningen and GROEIfonds, agreed upon in January 2020.
Avantium and the Groningen consortium already entered into an agreement earlier this year relating to the conditional financing mix of EUR 30 million for the construction of the FDCA flagship plant. The EUR 7.5 million grant by National Programme Groningen is part of this financing mix
Regional “icon project”
The National Programme Groningen – a partnership between the Dutch national government, the Province of Groningen and ten municipalities – is investing in projects that contribute to the future and prosperity of Groningen, focussing on economic development, the quality of the living environment, energy transition and sustainability.
At a meeting on December 7, 2020, the board of the National Programme Groningen confirmed the award to Avantium of a EUR 7.5 million grant to support the construction of its FDCA flagship plant, designating it as an “icon project” for the region.
Bio-based FDCA is the key building block for PEF, a fully recyclable plastic material with a combination of environmental and performance benefits. The FDCA flagship plant is planned to start up in 2023 and will provide around 60 jobs in the region.
We are pleased with the support of the National Programme Groningen for the construction of our first commercial plant. With the Northern region, we share the ambition to achieve a fully sustainable chemical industry, said Tom van Aken, CEO of Avantium.