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Energy Business
Charley Rattan
Charley Rattan
Top Contributor
 · Posted in Energy Business

Avantium reaches Financial Close and starts construction FDCA Flagship Plant - Groningen Seaports

Groningen, at the very forefront of the hydrogen economy.

With Financial Close, engineering company Worley and the Groningen Consortiumi have become minority shareholders in the Avantium subsidiary Avantium Renewable Polymers, responsible for the FDCA Flagship Plant. Furthermore, the €90 million debt financing package has been signed with the consortium of Dutch banks, comprising ABN AMRO Bank, ASN Bank, ING Bank and Rabobank, as well as with impact investment fund Invest-NL. Avantium will now immediately start the construction of the FDCA Flagship Plant, planned to be completed by the end of 2023. This will enable the commercial launch of PEF from 2024 onwards.

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