Avantium retakes full ownership of Synvina FDCA joint venture from BASF

Avantium paid BASF $20 million to acquire its partner's equity and asset investments in the Synvina furandicarboxylic acid joint venture, after BASF withdrew over timing of an investment decision.

“BASF decided to withdraw from the joint venture over the timing of an investment decision on an FDCA facility planned for BASF’s Antwerp, Belgium, site.”cen.acs.org

• 1 source
• cen.acs.orgAvantium takes over at SynvinaMarc ReischFeb 4, 2019

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