Helios Resins Signs Multi-Year Capacity Retention Agreement with Avantium to Purchase FDCA

Avantium N.V, a leader in renewable and circular polymer materials, announced on January 16, 2024 that Helios Resins, a Slovenia-based producer of advanced coatings and composite resins, has signed a capacity reservation for FDCA (furandicarboxylic acid) developed by Avantium.

FDCA is a raw material whose commercial applications include coating resins, surfactants, polyamides, polyurethanes and the 100% plant-based polymer material PEF (polyfuranoate).

Helios Resins intends to purchase FDCA from future industrial-scale plants under a technology license from Avantium. Avantium's business model is to sell technology licenses that enable industrial partners to build industrial-scale production facilities of over 100,000 tons per year for the production of FDCA and PEF utilizing Avantium's YXY® technology.

Avantium has entered into its first licensing agreement and plans to sell multiple technology licenses in the coming years. This capacity retention agreement signed by Helios Resins solidifies the commercial momentum for such technology licensing agreements and the need for the FDCA.