AMSTERDAM, 16 November 2021, 18:00 hrs CEST - Avantium N.V., a leading technology company in renewable chemistry, has taken note that its YXY® Technology is not selected for a grant under the EU Innovation Fund of the EU Directorate-General for Climate Action. Avantium's YXY® Technology catalytically converts plant-based sugars into FDCA (furandicarboxylic acid), the building block of PEF (polyethylene furanoate): a 100% plant-based, fully recyclable polymer with a significantly lower carbon footprint. Avantium will evaluate this grant award decision. If appropriate, the Company will provide the market with further updates.

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Avantium NV published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 17:26:01 UTC.