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Avantium
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Parent company

Short description

Developer of technologies to convert biomass into bio-based materials and fuels

Founded in 2000
Founded in

Company type Public Public (AVTX)
Company type

Industry Group materials & chemicals

Sector fuels & chemicals

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Netherlands Amsterdam, Netherlands
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Parent Companies

Updated by Sunena Gupta at on 11/13/2023

Edited by Cleantech Group on 12/05/2024

Traction
  • 1 M&A items
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Customers
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Date Company
02/09/2024

Henkel Henkel

Supply agreement.

Confirmed by Henkel

Partnerships
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Date Partner Type
11/22/2024
Kirin Holdings Kirin Holdings
Avantium and Kirin, the Japanese beer, partner to explore the application of Avantium’s 100% plant-based and recyclable material PEF, known under the brand name Releaf®, to the bottles and other packages of Kirin’s product portfolio.
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Confirmed by Kirin Holdings
Development Partner
Investment Rounds
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IPO INFORMATION

Date

03/14/2017

IPO status

Listed

IPO Type

IPO

Amount

$110.5M

Initial shares

9401793

Ticker symbol

AVTX

Exchange listed

ENX

Prospectus URL

Prospectus

Source URL

Source

Description

Avantium has successfully raised €103 million ($110 million USD) from its initial public offering on Euronext Amsterdam and Euronext Bruxelles, and was reportedly oversubscribed multiple times, according to European venture capital firm, Soffinova Partners. Avantium’s market capitalization has now reached €277 million.

Date Investors Type Amount
12/05/2024 (0)
Post-money valuation of
Funding will be used to support working capital and startup costs for the FDCA Flagship Plant in 2025.
PIPE $11,826,080
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Products
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Product image Name Product status Revenue model Cost metrics

FDCA (furandicarboxylic acid)

The main building block of PEF is furandicarboxylic acid, or FDCA, which is listed by the US Department of Energy as #2 in Top-12 value added chemicals for establishing the “green” chemistry industry of the future, as it is a key component for a wide range of biobased chemicals and plastics.

Pilot/Early Revenue License of Usage
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$/kW (projected)
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