Avantium, the Amsterdam-based sustainable chemistry company, has secured €84.8M to accelerate the commercialisation of its fully recyclable, plant-based plastic PEF and move towards group-level EBITDA break-even by 2027.
The raise combines a €65.4M rights issue and €19.4M supplementary placement. The State of the Netherlands invested €15M, with cornerstone investors VP Capital and Ambassador Vermogensbeheer adding €4.8M. The offering priced at €8.16 per share, aligned with market value.
Founded in 2000, Avantium developed its proprietary YXY Technology, which turns plant sugars into FDCA — the building block for PEF. PEF, branded as releaf, is a next-gen polymer that is 100% recyclable, stronger, and more heat-resistant than PET. It can be applied across packaging, textiles, and consumer goods.
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Market rollout and expansion
Avantium’s flagship FDCA plant in Geleen is slated to start operations in early 2026. The new funding will expand production, secure long-term supply agreements, and meet the surging global demand for bio-based plastics.
What they’re saying
“This raise exceeded our expectations and shows confidence in our strategy to accelerate the transition to sustainable materials,” said Tom van Aken, CEO of Avantium. “With this capital and improved debt facility terms, we are well-positioned to scale and deliver PEF globally.”
