Polyethylene furanoate

Independent startup to commercialize plant‑based high‑performance polyesters (PISOX, PISA, PEIT/PEIF) using common monomers and existing industrial assets.

H1: revenues €4.7m, EBITDA -€18.8m, cash €23.9m; first FDCA batch produced; planned equity raise ≥€55m and proposed €20m facility; Worley contractual close‑out finalised.

First FDCA batch produced at Delfzijl; product qualification begins with aim for commercial sales by end of 2026.

Capacity reservation secures prospective access to plant-based PEF (releaf®) for thermoformed trays and high-barrier packaging while technical and regulatory evaluations continue.

Purification unit brought online, completing commissioning of all major process units; integrated start-up moves toward first FDCA production and end‑2026 commercial deliveries.

Oxidation unit commissioned; full start-up and first FDCA production targeted end‑2026; 22 offtakes and >150 kt reservations secured; pursuing €55m equity plus a €20m NOM loan.

Collaborative project produces PEF-based yarns and knitted sportswear prototypes, including a prototype sports shirt shown at Milano Unica, to test plant-based recyclable polyester in apparel.

Exclusive talks aim to industrialize 5‑HMF, a bio‑based platform for resins, polymers and PEF; first ~3,000 t/yr plant scheduled to start up early 2027.

Trial explores plant-based PEF in small-format bottles for functional beverage shots, assessing processing, barrier performance and shelf-life across the production chain.

Parliament event on 24 June 2026 will examine whether bio‑based and circular carbon can underpin European chemical competitiveness and cut fossil feedstock reliance.