Boudewijn van Schaïk, Chief Financial Officer of Avantium, expressed satisfaction regarding the capital increase, emphasizing its role within a broader €46M financing package aimed at supporting the FDCA Flagship Plant's startup.
The €11.2M raised from the offering, along with Avantium's existing funds and a financing package of up to €35.1M, will help support working capital and startup costs for the FDCA Flagship Plant in 2025.
Avantium's FDCA Flagship Plant in Delfzijl, the first factory producing bioplastic PEF, represents a significant advancement in sustainable materials for various applications, including bottles and packaging.
Avantium was founded in 2000 and specializes in developing and commercializing technologies for producing renewable and circular polymer materials from sustainable carbon feedstocks like biomass and CO2.
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