Avantium and BASF are in a dispute about the future of their Synvina joint venture

Avantium and BASF set up the JV Synvina

“Avantium is a big story in the bioeconomy, but the relationships with big companies as investors are not easy”. To say it at the Sustainable & Circular Bioeconomy Conference in Brussels on October 22 was Jos Peeters, managing partner, founder and director of Capricorn Venture. Indeed, Avantium and BASF are in a dispute about the future of their Synvina joint venture. The companies disagree on the timing for the fulfilment of the criteria to invest in the commercial-scale plant for FDCA (furandicarboxylic acid).

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Avantium is ready to open a pilot biorefinery for its Zambezi technology in Delfzijl, Netherlands

Avantium’s pilot plant in the Nerherlands

Amsterdam-based Avantium, a leading technology development company and forerunner in renewable chemistry, will officially open a pilot biorefinery for its Zambezi technology in Delfzijl, Netherlands. Opening ceremonies will take place in Amsterdam on 10 July and in Delfzijl on 13 July. The province of Groningen is supporting the pilot biorefinery with a RIG (‘Regionale Investeringssteun Groningen’) subsidy of €1.8 million.

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Avantium and R&F Chemical joined forces in South Korea

Avantium’s pilot plant in the Nerherlands

Dutch biochemical company Avantium  joined forces with South Korea-based R&F Chemical to boost its Catalysis business in the region. “South Korea – Avantium said in a note – has a highly-advanced technology and chemical sector, and several established national research facilities offering the perfect environment for Avantium’s Catalysis business with a strong focus on catalysis research”.

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Avantium locates a new pilot biorefinery at Chemie Park Delfzijl in the Netherlands

Avantium’s pilot plant in the Nerherlands

Avantium, the Dutch forerunner in renewable chemistry, locates a new pilot biorefinery at Chemie Park Delfzijl, in the Netherlands. Avantium and chemical giant AkzoNobel have signed a contract for the pilot plant accommodation and the supply of various facilities and services.  The pilot plant will validate the technical and economic feasibility of Avantium’s Zambezi process, which aims to convert woodchips and other second generation biomass into raw materials for the chemical industry. This is an essential step in scaling up the technology from lab to commercial operations.

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Successful IPO of Avantium which raised €103 million on Euronext

Avantium and Coca-Cola together to produce bio-based bottles. Tom Van Aken is the first on the right

The European bioeconomy takes another step forward thanks to the successful initial public offering of Avantium which raised €103 M on Euronext Amsterdam and Euronext Bruxelles. Sofinnova Capital VI – Sofinnova Partners states – remains the main shareholder after the IPO. The initial public offering was multiple times oversubscribed.

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Avantium and AkzoNobel to develop a reference plant at the Chemie Park Delfzijl

Avantium's pilot plant in the Nerherlands
Avantium’s pilot plant in the Nerherlands

Avantium, a leading chemical technology company and forerunner in renewable chemistry, partnered with AkzoNobel, Chemport Europe, RWE and Staatsbosbeheer for the development of a reference plant at the Chemie Park Delfzijl. This important step marks the next stage of a collaborative effort to determine the feasibility of a wood to chemicals biorefinery in Delfzijl.

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Avantium acquires the assets of Liquid Light

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The pilot plant of Avantium in Geleen, The Netherlands

Avantium, the Dutch leading chemical technology company and forerunner in renewable chemistry, has acquired the assets of Liquid Light Inc., a renowned developer of electrochemical processes. Liquid Light has developed proprietary process technology to make major chemicals from low-cost, globally-abundant carbon dioxide (CO2). The acquisition combines the technologies of both Liquid Light and Avantium to develop a world leading electro-catalysis platform and to commercialize new process technologies using CO2 as feedstock to produce sustainable chemicals and materials. The integration of the Liquid Light assets into Avantium is complete and effective immediately. Financial details of the transaction were not disclosed.

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BASF and Avantium establish a new joint venture called Synvina

Headquarter of Basf in Ludwigshafen
Headquarter of Basf in Ludwigshafen

BASF and the Dutch leading chemical technology company Avantium yesterday announced that they have established a joint venture (JV) called Synvina for the production and marketing of furandicarboxylic acid (FDCA) produced from renewable resources (fructose from plants as feedstock rather than conventional oil derivatives), as well as marketing of polyethylenefuranoate (PEF), based on this new chemical building block.

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Japanese Toyobo and Dutch Avantium partners on PEF polymerization and PEF films

Avantium and Coca-Cola together to produce bio-based bottles
Avantium is also partner of Coca-Cola to produce bio-based bottles

Toyobo, one of Japan’s top makers of fibers and textiles, and Avantium, a Dutch scale-up renewable chemicals company that develops and commercializes a next generation biobased chemicals and bioplastic, yesterday announced their partnership on PEF polymerization and PEF films. The two companies have jointly developed thin films made from PEF, a 100% biobased plastic based on Avantium’s proprietary YXY technology for the production of FDCA.

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BASF and Avantium together for biobased films and plastic bottles

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Kurt Bock, Ceo of BASF

The German chemical giant BASF and the Dutch leading chemical technology company Avantium today announced that they have signed a letter of intent and entered into exclusive negotiations to establish a joint venture (JV) for the production and marketing of furandicarboxylic acid (FDCA) produced from renewable resources, as well as marketing of polyethylenefuranoate (PEF), based on this new chemical building block.

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