Technical Progress
Avantium has successfully started up its sugar dehydration unit, a crucial component of the FDCA Flagship Plant. This unit converts plant sugars into MMF, an essential intermediate in FDCA production. The company is now moving forward with the commissioning and start-up of the oxidation and purification units.
Commercial Outlook
Sales under existing offtake agreements are anticipated to begin in the first quarter of 2026. Avantium has secured 20 offtake agreements and 7 capacity reservations, indicating strong commercial traction.
Financial Developments
Avantium has obtained €20 million in new financing from the Province of Groningen, Invest-NL, and a consortium of lenders. Additionally, the company is launching a fully committed and underwritten €65 million equity raise, with €12.25 million already secured through cornerstone investments and pre-commitments.
Regulatory and Financial Support
The company has received key regulatory approvals and improved terms on its existing Debt Financing Facilities, which will aid in long-term cash preservation. The Dutch State, represented by the Ministry of Climate Policy and Green Growth, supports Avantium's initiatives, highlighting the importance of their technology in addressing plastic production and waste challenges.
