Synvina: BASF and Avantium join forces
BASF and Avantium have formed a joint venture for the production and marketing of the green building block furandicarboxylic acid (FDCA) and the drop-in bioplastic polyethylene furanoate (PEF) made from FDCA. Synvina will be headquartered in Amsterdam and will invest several hundred millions euros to build a plant producing 50,000 metric tons annually at BASF’s Verbund site in Antwerp, Belgium, to demonstrate feasibility of manufacture at industrial scale and to license production.