# 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.

- Type: Closure
- Announced: 2018-12-20
- Where: Netherlands
- Status: announced
- Products: FDCA, PEF polyester
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [Avantium](https://endata.com/companies/7773.md) (partner)
- [Synvina](https://endata.com/companies/24901.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/basf-to-exit-from-synvina-jv-with-avantium/), 2018-12-20: "We remain fully confident in our YXY technology and the unique properties of PEF."

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