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The new plant will be an important step in helping transition the chemicals industry away from fossil resources and towards sustainable feedstocks. It will be located near Avantium’s demonstration plant for plant-based mono-ethylene glycol (MEG), and its pilot biorefinery, producing glucose and lignin from non-food biomass.
Avantium Renewable Polymers has also entered into a letter of intent with a Regional Consortium relating to the financing of the FDCA flagship plant and associated costs, for an amount of €30 million, over the period to the plant’s completion in 2023.