Avantium and Mitsui in supply agreement

An agreement has been signed between Avantium and Mitsui & Co., Ltd. to commercialize 100% biobased chemicals FDCA and PEF in Asia. Based on the agreement, Mitsui obtains the right to purchase a sizable volume of FDCA from the first commercial FDCA plant to be constructed by Avantium.

 

Avantium is now in 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 the first quarter 2016. 

 

Avantium and Mitsui have entered into a development and roll out agreement for PEF thin films in Asia and PEF bottles in Japan. Given its barrier performance, Avantium research demonstrates PEF can bring significant benefits as packaging material for oxygen sensitive goods such as food, beer and health care products. The parties are also partnering to launch and grow the market for other FDCA- based applications such as co-polyesters.

 

The Japanese packaging industry is highly innovative, resulting in a large variety of packaging formats to meet the high quality standards demanded by local consumers. It is Avantium's objective to support Mitsui and their Japanese partners and customers to launch PEF and other FDCA-based applications to the market well in time for the Tokyo Olympics.

 

For Mitsui, the collaboration with Avantium is an extension of its strong bio-based chemicals portfolio. Mitsui believes FDCA and PEF are bio-based building blocks with a high market potential.