BASF, Avantium form renewable furandicarboxylic acid joint venture

BASF, Avantium to form renewable furandicarboxylic acid joint venture

6:58 AM, 18th March 2016
BASF, Avantium to form renewable furandicarboxylic acid joint venture

LUDWIGSHAFEN, GERMANY/AMSTERDAM, NETHERLANDS: BASF SE and Avantium have entered into exclusive negotiations to establish a joint venture (JV) for production and marketing of furandicarboxylic acid (FDCA), as well as marketing of polyethylenefuranoate (PEF), based on this new chemical building block. FDCA is produced from renewable resources.

The JV will use the YXY process developed by Avantium in its laboratories in 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 tonne per year at BASF’s Verbund site in Antwerp, Belgium. The aim is to build up world-leading positions in FDCA and PEF, and subsequently license the technology for industrial scale application.

FDCA is the essential chemical building block for the production of PEF. The new material can lead to longer shelf life of packaged products. PEF is particularly suitable for the production of certain food and beverage packaging, for example films and plastic bottles. After use, PEF can be recycled.

“Of particular importance is our expertise in market development and large-scale production as an established and reliable chemical company in the business of intermediates and polymers,” said Dr Stefan Blank, president, intermediates division, BASF.

“The contemplated JV with BASF is a major milestone in the development and commercialization of this game-changing technology. With BASF, we plan to start production of FDCA to enable the first commercial launch of this exciting bio-based material and to further develop and grow the market to its full potential,” said Tom van Aken, CEO, Avantium.

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