Brief: Avantium Awarded EUR 5.4 Mln Grant From Netherlands Enterprise Agency

Avantium NV

16/12/2020 06:15

Dec 16 (Reuters) - Avantium NV  AVTX.AS :
    * AVANTIUM AWARDED €5.4 MILLION GRANT FROM NETHERLANDS
ENTERPRISE
AGENCY FOR EXPANSION OF FDCA PILOT PLANT
    * GRANT IS SOLELY DESIGNATED FOR EXPANSION OF AVANTIUM'S
FDCA
(FURANDICARBOXYLIC ACID) PILOT PLANT IN GELEEN ( NETHERLANDS)
AND WILL THEREFORE NOT BE USED FOR POTENTIAL CONSTRUCTION OF
FDCA FLAGSHIP PLANT IN DELFZIJL
    * AMOUNT TO BE PAID OUT IN 16 TRANCHES OVER A PERIOD OF 4
YEARS
    * PILOT PLANT EXPANSION WILL SUPPORT THE SUCCESSFUL
OPERATIONS OF
OUR FDCA FLAGSHIP PLANT, PLANNED TO START-UP IN 2023
    * WILL USE THE GRANT TO SET UP NEW UNITS IN THE FDCA PILOT
PLANT
TO DEMONSTRATE OPTIMAL POLYMERISATION1 AS WELL AS MECHANICAL
RECYCLING OF PURE PEF AND PET/PEF MIXTURES

Source text for Eikon:  ID:nNDL8S880Y 
Further company coverage:  AVTX.AS 

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