Avantium reports progress towards commercialization, $3.3M grant

August 25, 2019 |

In the Netherlands, technology development and renewable chemistry company, Avantium N.V. reported in its 2019 half year results that the “company is progressing its technologies towards commercialization.” In particular, their most advanced technologies – Mekong and Dawn – are progressing towards commercialization thanks to €3 million (about $3.3 million) in European Union grants that were secured specifically for its Mekong and Dawn Technologies, and the opening of the Mekong demonstration plant scheduled for November 2019 in Delfzijl, the Netherlands.

Other first half of 2019 highlights were that Avantium Renewable Polymers (formerly known as Synvina) was successfully integrated within Avantium, leading to a revised Scale-up and Market Launch Strategy, including the intention to build a cash-flow positive flagship plant to start up in 2023 with a planned annual capacity of 5 kilotons of FDCA and PEF. The design of a flagship plant has commenced with leading engineering services company Worley (formerly Jacobs Engineering) commissioned to execute the detailed pre-engineering studies. Site selection in northwestern continental Europe is to be completed in the second half of 2019.

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