BASF and Avantium announce talks towards JV for PEF and FDCA

March 15, 2016 |

In the Netherlands, BASF and Avantium 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 a new polymer, polyethylenefuranoate (PEF), and its main chemical building block furandicarboxylic acid (FDCA) using renewable resources.

The JV will use the YXY process® Amsterdam and pilot plant in Geleen, Netherlands, for the production of FDCA. It is intended to further develop this process as well as to construct a reference plant for the production of FDCA with an annual capacity of up to 50,000 metric tons per year at BASF’s Verbund site in Antwerp, Belgium. The aim is to build up world-leading positions in production and marketing of FDCA and PEF, and subsequently license the technology for industrial scale application developed by Avantium in its laboratories.

BASF: The Digest’s 2015 5 Minute Guide

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