Avantium sells crystallization business to Technobis, tightens focus on YXY technology

Last week, Technobis purchased Avantium’s crystallization systems business. Technobis has been a long-term engineering, development, and assembly partner to Avantium. Technobis’ newly acquired product portfolio now includes Crystal16, Crystalline, and CrystalBreeder.

While the financial detai...

This item has been archived in line with our efforts to keep our content relevant and up to date for our readership. For further assistance, please contact your Customer Success Manager or email ClientEngagementTeam@luxresearchinc.com. Thank you!

Related Research

Spinnova adds yet another brand name to its list of partners – this time, it's The North Face

News Commentary | August 25, 2021

Spinnova previously announced partnership deals with major brands including H&M and Adidas, and now it has added The North Face to its impressive downstream partner list. Fashion and outdoor brands including The North Face have made commitments to switch to more sustainable materials. In this ... Not part of subscription

Major influx of mycelium-based leathers coming in 2023 as MycoWorks raises USD 125 million in Series C round

News Commentary | January 13, 2022

MycoWorks will use USD 125 million in Series C funding to complete its commercial facility, which is expected to be operational in 2023. The facility will add several million square feet of the firm's mycelium‑based material per year, which translates to roughly 3,500 tonnes of its Reishi mycelium ... To read more, click here.

Round two: Avantium begins construction of its FDCA flagship plant after its long-awaited financial close

News Commentary | April 21, 2022

After years of uncertainties and a huge falling out with Synvina and BASF, Avantium has finally secured the funding it needs to build its FDCA (furandicarboxylic acid) flagship plant. The company has received EUR 90 million in debt financing from a consortium of Dutch banks for the financial close. ... Not part of subscription