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Avantium is going ahead with plans to build a furandicarboxylic acid (FDCA) plant in Delfzijl, the Netherlands, after securing $100 million in financing for the facility. FDCA is reacted with ethylene glycol to make polyethylene furanoate, a polyester with strong barrier properties. Avantium will make FDCA from high-fructose syrup and is lining up customers that will use the resulting polymer. Avantium may have competition from the recently launched US start-up ReSource Chemical, which plans to make FDCA from nonfood biomass and carbon dioxide.
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