23 Feb 2023 --- Avantium is partnering with US-based sustainable materials company Origin Materials to accelerate the mass production of furandicarboxylic acid (FDCA) and (polyethylene furanoate) PEF for use in advanced chemicals and plastics. Avantium says this is an important moment in its evolution. With the first license agreement, the company will receive an upfront fee of €5 million (US$5.3 million) from Origin Materials and a milestone fee of €7.5 million (US$7.9 million).
