Avantium reaches key commercial milestone for planned FDCA plant
The Netherlands renewable chemistry technology company Avantium N.V. has announced that it has signed a conditional offtake agreement with Resilux Group, an international rigid plastic packaging supplier, for the supply of polyethylene furanoate (PEF) resin from the planned Avantium FDCA (furandicarboxylic acid) flagship plant. This brings the total of such offtake contracts to five.
The planned FDCA flagship plant is to be built at Chemie Park Delfzijl, the Netherlands, and is set to produce 5 000 tonnes of FDCA (furandicarboxylic acid) per annum, the key building block for the 100 percent fossil-free, recyclable polymer polyethylene furanoate (PEF).
Including an additional commitment from one of the previously announced offtake partners, the five conditional offtake agreements represent a total offtake volume of over 50 percent of the FDCA production capacity from the flagship plant.
This marks an important step towards a positive Final Investment Decision (FID) for the construction of the world’s first commercial FDCA plant, which Avantium would plan to open in 2023.
We are delighted with the commitment of Resilux, who represents an important part of the value chain in making PEF packaging available for a range of beverages. We value the support and the close collaboration with such an excellent partner. We believe that the five signed offtake commitments made to date mark an important milestone on our road to the final investment decision for the construction of the FDCA flagship plant, said Tom van Aken, CEO of Avantium.
Avantium previously announced that offtake contracts were signed with specialty chemical company Toyobo (Japan), specialty polyester film producer Terphane (US), the beverage bottling company Refresco (Netherlands), and an undisclosed major global food and beverage brand owner.
Avantium is also collaborating with beer brewer Carlsberg Group in the development of PEF based packaging of beer, such as the Green Fibre Bottle. The offtake commitments are subject to a positive FID, financial closing, other customary approvals, and party-specific conditions.
PEF suitable for multi packaging products
With the secured offtake commitment from Resilux (Belgium), PEF will be broadly introduced to the international market for high-value applications varying from monolayer bottles, multilayer bottles, and polyester film products for food and beverage packaging and electronics.
In multilayer bottles, PEF can be used as a barrier material in multilayer polyethylene terephthalate (PET) bottles, leading to improved sustainability and recyclability compared to multilayer bottles with other barrier materials such as nylon.
The ambition of Resiluxi, a specialist in PET packaging and recycling, is to create sustainable PET solutions for better products, healthier people, and a cleaner planet.
Resilux is convinced that in its continuous strive for innovation and development, the unique properties of PEF are complementary to recycled PET and will improve the unique position PET already has in the market as a sustainable packaging material.
With PEF we can continue to prove the power of PET as a safe, sustainable, and recyclable packaging material. In combination with our constant focus on the expansion and development of high-quality PET recycling solutions, PEF will allow us to offer sustainable solutions in special, high-end applications. We are pleased to be one of the first companies that will bring this innovative material to the market as it builds upon the “Design for Recycling” strategy Resilux has for all its products, said Dirk De Cuyper, CEO of Resilux Group.