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BASF exits Synvina joint venture with Avantium · Endata

◂ Announcements

Specialty Chemicalsworld trade 2024+2.3% 5Y CAGR

Plastics and Polymersworld trade 2024+3.9% 5Y CAGR

Dec 20, 2018CLOSURENetherlands

BASF exits Synvina joint venture with Avantium

BASF has decided to exit the Synvina joint venture with Avantium, effective January 15, 2019, due to disagreements over investment criteria. Avantium will acquire BASF's equity interest and continue the JV as a wholly owned unit.

Status

Announced

ProductsFDCAPEF polyester

CompaniesBASF partner Avantium partner Synvina target

Sectors#Specialty Chemicals #Plastics and Polymers

“We remain fully confident in our YXY technology and the unique properties of PEF.”packaging-gateway.com

1 source
packaging-gateway.comGerman company BASF to exit from Synvina JV with AvantiumAninda ChakrabortyDec 20, 2018

Summarized from public sources; check the original articles before acting on it.

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