Avantium polymer company has raised €11.2 million (US$11.8 million) through an accelerated bookbuild offering of over six million new ordinary shares in the company, representing approximately 8% of Avantium’s issued share capital.“The net proceeds of the total financing package of €46 million (US$48.5 million) are expected to fund working capital requirements and start-up costs in 2025 related to Avantium’s FDCA (furandicarboxylic acid) Flagship Plant,” Caroline van Reedt Dortland, director communications at Avantium, tells Packaging Insights.
