Brief: Avantium Secures Financing Milestone With EUR 25 Million EU Funding For FDCA Flagship Plant

Avantium NV

28/11/2019 09:59

Nov 28 (Reuters) - Avantium NV  AVTX.AS :
    * AVANTIUM SECURES FINANCING MILESTONE WITH EUR 25 MILLION
EU
FUNDING FOR FDCA FLAGSHIP PLANT
    * THIS GRANT SUPPORTS THE ESTABLISHMENT OF AN INNOVATIVE
VALUE
CHAIN FOR THE USE OF PLANT-BASED FDCA (FURANDICARBOXYLIC ACID)
AND PEF (POLYETHYLENE FURANOATE)
    * BBI JU HAS NOW AGREED TO REDEFINED PROJECT AND HAS
REACTIVATED
PEFERENCE GRANT TO CONSORTIUM, WHICH WILL HAVE ACCESS TO SUBSIDY
FROM 1 DECEMBER 2019 ONWARDS
    * AVANTIUM INTENDS TO HAVE THIS FUNDING IN PLACE BEFORE END
OF
2020
    * REPRESENTS SIGNIFICANT STEP TO COVER FUNDING REQUIREMENT
FOR
FLAGSHIP PLANT FOR FDCA AND FULLY ON TRACK TOWARDS
PLANNEDSTART-UPOF FLAGSHIP PLANT IN 2023-MANAGING DIRECTOR

Source text for Eikon:  ID:nNDL674PgS 
Further company coverage:  AVTX.AS 

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