Green Chemicals Blog
FDCA
Avantium IPO raises €103 M on Euronext
Avantium has successfully raised €103 million from its initial public offering (IPO) on Euronext Amsterdam and Euronext Bruxelles, and was reportedly oversubscribed multiple times, according to European venture capital firm, Soffinova Capital IV, the main shareholder after the IPO. Avantium’s market capitalization has now reached €277 million. The funds raised will be used to further … Continue reading
BASF, Avantium form Synvina JV
Commercial FDCA (furandicarboxylic acid) production will be coming soon as Avantium and BASF formally announced the formation of Synvina, a joint venture to be based in Amsterdam, the Netherlands, that will produce and market FDCA as well as market the new polymer, polyethylenefuranoate (PEF) based on FDCA. The JV is planning to invest a mid-three-digit … Continue reading
Toyobo, Avantium on PEF partnership
I am still trying to catch up on blogging before I get very busy again next week for my September Biomaterials newsletter deadline at Tecnon OrbiChem. I am also almost finished with my glycerine presentation for the incoming ICIS Pan American Oleochemicals conference next month. By the way, if anybody is attending EPCA in Budapest … Continue reading
VIDEO: Polyester Market Overview
So I have been slightly immersing myself in the petrochemicals market here at the American Fuels and Petrochemicals Manufacturers (AFPM)’ International Petrochemicals Conference (IPC), and with the help of my Tecnon OrbiChem colleagues, I’ve been hearing the water bottle market has really been growing faster than GDP growth especially here in North America. This made … Continue reading
BASF, Avantium plan FDCA JV
BASF and Avantium announced today their intention to establish a joint venture for the production and marketing of furandicarboxylic acid (FDCA), as well as marketing of polyethylenefuranoate (PEF), which is being touted as an alternative to PET but with better gas barrier properties and higher mechanical strength. For those who are not familiar with PET, … Continue reading
Protected: Q&A with AVA Biochem
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Protected: Analysis: AVA Biochem joins growing FDCA Developers
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Avantium, Mitsui in FDCA supply deal
Avantium recently announced a signed agreement with Mitsui & Co. where Mitsui has been granted a right to purchase a sizeable volume of FDCA (2,5 furandicarboxylic acid) from Avantium’s planned commercial facility. Capacity, location and time lines are going to be announced in Q1 2016. Avantium is said to be in the preparation stage of the … Continue reading
Updates on Top Value Added Chemicals from Biomass
The July Bio-materials newsletter and other deadlines that I have for Tecnon OrbiChem is done, so now I can get back to blogging. I do hope readers were able to see some of the compiled tweets that I posted from the recently-held BIO World Congress in Montreal. This Monday, I will be tweeting a bit on Jefferies’ Industrial … Continue reading
Avantium partners with Tereos
For years, major agribusinesses have been partnering (although more muted now in the US) with renewable chemical companies e.g. Bunge with Solazyme; ADM with its previous partnerships with Metabolix and recent investments in Rennovia; Cargill with its NatureWorks subsidiary and investments in Rivertop Renewables; palm plantation owner, Wilmar, with Elevance; and in Europe, Global Bioenergies has partnered … Continue reading