BioBased Circular Proposal with Avantium selected by National Growth Fund for funding to make plant-based materials

Abstract

On June 2023, the Dutch cabinet announced that the National Growth Fund (Nationaal Groeifonds) has selected the BioBased Circular (BBC) proposal for funding. The BBC programme, submitted also on behalf of Avantium, includes a track dedicated to the engineering and construction of a Flagship Plant to produce plant-based glycols based on Avantium's Ray Technology™. The BioBased Circular programme aims to set up a sustainable sugar-based chemical and materials manufacturing industry in the Netherlands. The programme, which runs until 2032, will link up the agricultural sector with the chemical and plastics industry, creating new and reportedly sustainable value chains to position the Netherlands as a frontrunner in the production of plant-based and circular plastic materials.