Avantium reserves capacity in its first FDCA production plant for Mitsui
Avantium (avantium.com) signed an agreement with Mitsui & Co., Ltd. (‘Mitsui’), to commercialize 100% biobased chemicals FDCA and PEF in Asia. As part of this agreement, Mitsui has been granted a right to purchase a sizable volume of FDCA from the first commercial FDCA plant to be constructed by Avantium.
Currently Avantium is in the preparation stage of the construction of the first FDCA production plant and plans to share further details on the capacity, location and time lines for the construction in Q1 2016. Demonstrating the potential for PEF and FDCA in the Asian market, Avantium has reserved a significant portion of the capacity from this first FDCA plant for Mitsui.