Avantium Renewable Polymers and R&F Chemical announce their marketing and development partnership for high-value markets for PEF in electronics and smart packaging in Korea. This partnership is a further validation of Avantium’s strategy to focus on high-value applications for PEF (polyethylene furanoate) for its 5 kilotons Flagship Plant with a planned opening in 2023, announced on the Technology & Markets Day of Avantium in June 2019.
With the today announced partnership of R&F Chemical with Avantium Renewable Polymers, Avantium has expanded its relationship with R&F Chemical into the area of PEF, a 100% plant-based and fully recyclable performance polymer based on Avantium’s proprietary YXY plants-to-plastics technology. The Catalysis business unit of Avantium already joined forces with R&F Chemical in 2018 to boost its Catalysis business in South Korea. R&F Chemical brings a long-standing and excellent network in polymers and chemicals in South Korea, which has a highly-advanced performance materials and chemical sector. Through R&F Chemical, Avantium Renewable Polymers expects to enter this market for high-value applications such as electronics and smart packaging.
Marcel Lubben, Managing Director of Avantium Renewable Polymers, comments: “Avantium Renewable Polymers sees fast-growing interest for PEF in high-value markets across the globe. R&F Chemical is highly respected as a leader in the development and marketing of high-performance sustainable plastics. The South Korean industry is deeply committed to innovation. We are therefore very pleased to enter into a partnership with R&F Chemical who brings us access to important market players in South Korea.”
Peter Park, CEO of R&F Chemical, adds: “We are honoured to work together with Avantium to make Avantium’s PEF available to high-value performance products in South Korea. PEF has the capacity to significantly improve the performance and sustainability of our customers’ end products.”
Avantium is a leading technology development company and a forerunner in renewable chemistry. Avantium develops novel technologies based on renewable carbon sources as an alternative to fossil- based chemicals and plastics. Next to developing and commercializing renewable chemistry technologies, the company also provides advanced catalysis R&D services and systems to customers in the refinery and chemical industries. Avantium works in partnership with like-minded companies around the globe to create revolutionary renewable chemistry solutions from invention to commercial scale.
About R&F Chemicals
R&F is a platform company in the chemical industry that develops and supplies products that customers want with differentiated technology and enthusiasm. From functional resin to composite film, R&F explores the needs of a variety of customers and creates new values based on R&F’s chemical and polymer expertise and experience.
Source: Avantium Press release