Under the agreement, Sukano secures access to production volumes of releaf® from future industrial-scale facilities to be built and operated by Avantium’s potential licensing partners. Building on the companies’ collaboration since 2022 on masterbatch solutions for PEF, the agreement reflects Sukano’s confidence in releaf® as a high-performance, plant-based and recyclable polymer. The capacity reservation agreement represents the next step in the partnership and provides a pathway toward future commercial-scale deployment.
Alessandra Funcia, Head of Sales & Marketing at Sukano AG, said: "Our collaboration with Avantium over the past several years has demonstrated the exciting potential of PEF, marketed as releaf®. By securing future production volumes through this capacity reservation agreement, we are reinforcing our commitment to providing customers with innovative and more sustainable polyester materials. We believe releaf® can play an important role in enabling the next generation of high-performance packaging and specialty applications."
"We are pleased that Sukano is extending its commitment to releaf® through this capacity reservation agreement. Sukano has been a decisive partner in developing masterbatches for PEF, helping to unlock its full potential across industrial film, fiber, and bottles applications, and supporting its successful scale-up on industrial production lines. This agreement demonstrates growing confidence in releaf® and supports the continued build-out of the future value chain for our renewable and circular polymer”, added Bineke Posthumus, Commercial Director at Avantium.
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.
About Sukano
Sukano is a global specialist in the development and production of additive and color masterbatches and compounds for polyesters, biopolymers, high-temperature polymers, and specialty resins. The company is driven by expertise and devotes its technical knowledge to developing highly specialized products and services that go into packaging, consumer durables, building and construction, healthcare and fibers.
The company is a family-owned business headquartered in Switzerland, operating additional manufacturing facilities in the USA, Malaysia, and Hungary, as well as a sales office in Shanghai.
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