MOSCOW (MRC) -- Dutch renewable chemistry company Avantium has signed another offtake agreement for its plant-based and recyclable polymer polyethylene furanoate (PEF), said the company.
Under the latest deal, Danish interior textiles company Kvadrat agreed to purchase PEF from Avantium’s upcoming furandicarboxylic acid (FDCA) plant in Delfzijl, Netherlands, Avantium said. The plant is expected to begin commercial production next year.
Kvadrat plans to use PEF yarns in the production of textiles. Financial or volume details were not disclosed. Over 2022 and into early 2023, Avantium signed eight offtake agreements for FDCA and PEF, and in total it now has 14 deals in place, it said.
Also, last month Avantium and US Origin Materials entered into a technology license agreement, providing Origin access to parts of Avantium’s YXY Technology, to enable the conversion of Origin-produced chloromethylfurfural (CMF) derivatives into FDCA.
Avantium is in "multiple discussions" on additional FDCA and PEF offtake deals, and is also exploring additional licensing opportunities for future large-scale production of FDCA and PEF, it said. FDCA is a chemical intermediate that is used to make PEF.
We remind, Avantium N.V. (“Avantium”), a leading technology company in renewable chemistry, and Origin Materials, Inc. (“Origin” and “Origin Materials”), a leading sustainable materials company based in the USA, today announced a partnership to accelerate the mass production of FDCA and PEF for use in advanced chemicals and plastics.