Avantium, a Dutch leader in renewable and circular polymer materials, signed Memoranda of Understanding with Tereos, a global leader in sugar, starch, alcohol and bioethanol production, and with LVMH GAÏA, the scientific and environmental R&D division of LVMH Moet Hennessy – Louis Vuitton, the world leader in luxury. Together, the parties will establish a strategic collaboration to accelerate the industrial-scale production of PEF (polyethylene furanoate), Avantium’s 100% renewable and circular performance polymer known under the brand name releaf®. Releaf® is made from plant-based feedstocks and can be applied across food & beverage packaging, cosmetic packaging, fashion and industrial fibers. This alliance unites Avantium as the inventor of releaf® with trailblazers Tereos and LVMH to scale bio-based plastics from plant-based resources, contributing to the transition away from fossil-based plastics.