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Bioplastics Consortium Granted €25M EU Funding

November 29, 2019 / Labiotech.eu

The PEFerence consortium, coordinated by Avantium Renewable Polymers, has received reconfirmation of a €25M Horizon 2020 grant from the Bio-based Industries Joint Undertaking to develop plant-based, recyclable plastics. The grant was originally awarded in 2017 when the PEFerence consortium was under coordination of Synvina, a joint venture between Avantium and BASF. This venture was dissolved in January 2019 and Avantium took on the coordination role as well as full ownership of the YXY plant-to-plastics technology that was being developed by Synvina. This technology is designed to transform plant-based sugars into furandicarboxylic acid (FDCA) and polyethylene furanoate (PEF), which are then used to make recyclable plastics for use in products such as drinks bottles. The ultimate aim of the PEFerence partners is to replace a substantial proportion of fossil-based polyesters, such as polyethylene terephthalate (PET), with 100% plant-based PEF. They believe that the end product wil...