Brief: Avantium And Cosun Beet Company Join Forces With Ambition To Produce Plant-Based Glycols From Sugars

Avantium NV

22/04/2021 06:35

April 22 (Reuters) - AVANTIUM NV  AVTX.AS :
    * COSUN BEET COMPANY AND AVANTIUM JOIN FORCES WITH AMBITION
TO
PRODUCE PLANT-BASED GLYCOLS FROM SUGARS FORCES WITH AMBITION TO
PRODUCE PLANT-BASED GLYCOLS FROM SUGARS
    * AIM TO MAKE AN INVESTMENT DECISION FOR FORESEEN COMMERCIAL
PLANT
IN FIRST HALF OF 2023 AND COMMERCIAL OPERATIONS COMMENCING IN
2025
    * COSUN BEET COMPANY AND AVANTIUM ENTERED INTO A TERM SHEET
TO
ESTABLISH A JOINT VENTURE IN WHICH COSUN BEET COMPANY WILL TAKE
A SUBSTANTIAL SHARE

Source text for Eikon:  ID:nNDL633ccT 
Further company coverage:  AVTX.AS 

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