Avantium N.V., a pioneer in renewable and circular polymer materials, today provides an update on the start-up of its FDCA Flagship Plant in Delfzijl, the Netherlands. Avantium now expects to complete start-up by mid-2026 and to commence sales of product under its existing offtake agreements in the second half of 2026. This updated timeline is a result of construction-related piping issues involving certain titanium welds uncovered during commissioning, which require additional work to ensure a safe and reliable start-up. Avantium has made strong progress with the weld repair activities, providing a clear basis for the remaining start-up steps.

Commissioning and start-up at the FDCA Flagship Plant is progressing, with utilities and the sugar dehydration unit already operational and work now focused on starting up the oxidation and purification units. During the commissioning activities of those units, construction-related quality issues were identified in certain titanium welds in the piping, representing a safety risk for start-up and operations. Additional inspections over the past period provided a clearer picture of the extent of the issue, showing that more remediation work was required than initially expected and that the previous timeline was therefore no longer achievable.

The titanium weld remediation will result in an additional €7 million in capital expenditure. Avantium is reviewing its contractual and legal options to potentially secure compensation for these unexpected cost increases and delays.

Hero de Jager, interim Chief Operating Officer of Avantium, comments: “We are taking all necessary measures to ensure a safe, reliable and high-quality start-up of the FDCA Flagship Plant. With the weld repair program underway and commissioning progressing well across all parts of the plant, we have a clear plan to complete start-up by mid-2026. This will enable us to begin commercial product sales in the second half of 2026.”

About Avantium

Avantium is a pioneering commercial-stage company focused on renewable & circular polymer materials. Avantium develops and commercializes innovative technologies for the production of materials based on sustainable carbon feedstocks, i.e. carbon from biomass or carbon from the air (CO2). The most advanced technology is the YXY® Technology that catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the key building block for the sustainable plastic PEF (polyethylene furanoate). PEF is known under the brand name releaf®, an EU registered trademark of Avantium. Avantium has successfully demonstrated the YXY® Technology at its pilot plant in Geleen, the Netherlands, and is in the process of starting the world's first commercial plant for FDCA in Delfzijl, the Netherlands.  Avantium works in partnership with like-minded companies around the globe to develop revolutionary renewable chemistry solutions from invention to commercial scale.

Avantium’s shares are listed on Euronext Amsterdam and Euronext Brussels (symbol: AVTX). Avantium is incorporated in the Euronext Amsterdam SmallCap Index (AScX). Its offices and headquarters are in Amsterdam, the Netherlands.

For more information:
Caroline van Reedt Dortland, Director Communications
+31-20-5860110 / +31-613400179 
mediarelations@avantium.com

Aarne Luten, Director Investor Relations
+31-625687714
ir@avantium.com  

 

Source: avantium.com

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