MOSCOW (MRC) -- BASF and Avantium have formed a new JV for the production and marketing of furandicarboxylic acid (FDCA), which is produced from renewable resources, as well as the marketing of polyethylenefuranoate (PEF) based on the new chemical building block FDCA, as per Hydrocarbonprocessing.
The aim of the JV, named Synvina and headquartered in Amsterdam, The Netherlands, is to build a position in the production of FDCA and PEF. The JV will focus on building a production plant with an annual capacity of up to 50 Mtpy at BASF’s Verbund site in Antwerp, Belgium, and licensing the technology for industrial scale production. Synvina will use the YXY process developed by Avantium for the production of FDCA.
Industry experts consider bio-based FDCA to be a promising platform chemical and a building block for various downstream products and applications. Most significantly, FDCA is used for the production of PEF, a polyester suitable for food and beverage packaging as well as for fibers for carpets and textiles. For the packaging industry, PEF offers better characteristics in comparison to conventional plastics, such as improved barrier properties for gases like carbon dioxide and oxygen, leading to a longer shelf life of packaged products. It also offers a higher mechanical strength, thus thinner PEF packaging can be produced and fewer resources are required.
PEF is suitable for foil pouches, bottles for carbonated and non-carbonated soft drinks, water, dairy products, still and sports drinks and alcoholic beverages as well as personal and home care products. Alongside the polyester PEF, FDCA can be processed to polyamides for engineering plastics and fibers, to polyurethanes for foams, coatings and adhesives and to esters for personal care products and lubricants.
Synvina will continue Avantium’s established partnering activities with leading brands associated with FDCA and PEF. The goal of the cooperation platform is to develop a complete supply chain for PEF as sustainable bio-based packaging material. Together with Toyobo, the companies will jointly boost the PEF polymerization and further develop PEF films for food packaging, in electronics applications such as displays or solar panels, industrial and medical packages. With Mitsui, Synvina will work on developing PEF thin films and PEF bottles in Japan. Furthermore, Synvina aims to continue the development partnerships with The Coca-Cola Company, Danone, ALPLA and other companies on the Joint Development Platform for PEF bottles.
As MRC informed before, in June 2016, Albemarle and BASF announced that they had signed a definitive agreement under which BASF will acquire Albemarle’s Chemetall surface treatment business for about USD3.2 billion in cash. BASF says that Chemetall complements its current portfolio by adding the surface treatment business to BASF’s coatings offerings.
BASF is the largest diversified chemical company in the world and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF generated sales of more than EUR70 billion in 2015.