# Avantium completes spin-out of Parana Technology into Parana Materials

Avantium N.V. announced the completion of the spin-out of its Parana Technology into Parana Materials B.V. on November 4, 2026. The new independent company will develop and commercialize plant-based, high-performance polyesters.

- Type: Acquisition
- Announced: 2026-11-04
- Where: Netherlands
- Status: completed
- Products: PISA polyesters, PISOX polyesters, PEIT polyesters, PEIF polyesters
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Avantium](https://endata.com/companies/7773.md)
- [Parana Materials B.V.](https://endata.com/companies/15725.md) (target)

## Sources

- [plasticsiq.com](https://www.plasticsiq.com/avantium-spin-out-parana-technology-parana-materials/), 2026-11-04: "Parana Materials starts with a clear mission: to turn a distinct portfolio of plant-based polyester technologies into practical solutions for customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.