Avantium Funding news-Amsterdam- based Avantium Raises €10Million Funding

This funding includes two components: a €4 million second tranche from a €9.9 million subordinated loan provided by the Province of Groningen, and a €6 million drawdown from a €20.1 million expansion of senior debt facilities offered by lenders including Invest-NL, ABN AMRO, ING, ASN, and Rabobank.

The funding allows Avantium to maintain operations while it works on securing medium- and long-term financial support. The company is currently exploring multiple funding options, including equity, debt and government assistance and is in active discussions with lenders and public agencies.

Due to these ongoing talks, Avantium is currently unable to raise additional equity through the capital markets. Earlier this year, the company announced plans to raise €40 million via a share issue, but that process is still pending.

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Avantium is currently tightening cost controls while actively seeking new funding opportunities. The company is focusing on its core FDCA and PEF technology, while reviewing other business units such as R&D Solutions and the Volta Technology platform.

As part of this review, Avantium is exploring the possibility of fully or partially transferring ownership of these units. This could include selling related assets or forming strategic partnerships with investors to support the next phase of technology development.

This announcement follows a €11.2 million capital raise six months ago through the sale of over 6.3 million new shares.

Founded in 2000 by Claude Stoufs, Avantium is a commercial-stage company based in Amsterdam that specialises in renewable and circular polymer materials. Its technologies focus on producing materials from sustainable sources like biomass and CO₂.

The company’s flagship YXY Technology™ converts plant-based sugars into FDCA (furandicarboxylic acid), the key ingredient for the sustainable plastic PEF. Avantium has already demonstrated this technology at its pilot plant in Geleen, Netherlands. Additionally, it provides R&D solutions in sustainable chemistry and catalyst testing.

About Avantium

Avantium develops and brings to market innovative chemistry technologies that use renewable resources instead of fossil fuels to create chemicals and materials. Its two main products are FDCA and plantMEG™, which together make it possible to produce PEF — a new type of plastic that is 100% plant-based, recyclable, and biodegradable, with better performance than traditional plastics. In addition to this, Avantium offers advanced catalysis products and services to help other organisations improve the efficiency of their chemical processes.