PEF
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Avantium IPO raises €103 M on Euronext
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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…
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Avantium acquires Liquid Light
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Interesting news from Avantium but in short-to-medium term, this could complete the company’s (and its partners’) goal of sustainable polymers offering (e.g. CO2-based MEG + FDCA = PEF). Avantium announced today that it has acquired the assets of US-based Liquid Light Inc., which has developed proprietary process technology to make major chemicals from carbon dioxide…
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BASF, Avantium form Synvina JV
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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…
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Toyobo, Avantium on PEF partnership
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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…
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VIDEO: Polyester Market Overview
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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…
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BASF, Avantium plan FDCA JV
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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,…
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Avantium, Mitsui in FDCA supply deal
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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…