Avantium N.V., a leader in renewable and circular polymer materials, announces that Hoogesteger, a producer of fresh juices and smoothies supplying retail and foodservice customers, has signed a capacity reservation agreement for Avantium’s PEF (polyethylene furanoate), marketed as releaf®. The agreement builds on the offtake agreement the two companies entered into last year and marks a further step toward the commercial adoption of releaf®.

Under the agreement, Hoogesteger secures access to future production volumes of releaf from planned licensed plants. Capacity reservations represent commitments for volumes from future industrial-scale facilities to be built and operated by Avantium’s licensees. Avantium has now secured capacity reservations for well over 100 kilotonnes of releaf®, exceeding the output of a single 100 kilotonnes licensed plant.

Releaf® is a plant-based and recyclable polymer designed as a sustainable alternative to conventional plastics. It offers superior barrier properties that help keep juices and smoothies fresher for longer, while also reducing the carbon footprint. The collaboration between Avantium and Hoogesteger reflects a shared ambition to make packaging more sustainable without compromising on quality or product integrity. Building on the earlier offtake agreement and now this reserved capacity, the partnership outlines a clear pathway toward large-scale adoption of releaf across both retail and foodservice markets. Hoogesteger supplies a broad customer base, including supermarkets such as Albert Heijn and wholesalers including Sligro and Hanos, as well as hospitality and foodservice groups such as Van der Valk and corporate catering.

Charles Arentsen, CEO at Hoogesteger, said: “Sustainability is a key priority for us, and packaging plays an important role in that journey. Following our earlier offtake agreement, this capacity reservation reflects our confidence in releaf® as a next-generation material. Its performance is equally important to us, as it helps keep our juices and smoothies fresher for longer while reducing our environmental impact.”

Bineke Posthumus, Commercial Director at Avantium, said: “This agreement with Hoogesteger is an important step in building the future releaf® value chain. It shows that partners are moving beyond initial interest toward securing volumes from future plants. With well over 100 kilotonnes now reserved, we are seeing clear momentum toward large-scale deployment.”

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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