Cash injection saves bioplastic company Avantium from collapse
Avantium has arranged €10 million in financing.
Published on June 24, 2025
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The Groningen-based bioplastics company Avantium is struggling to secure a previously announced round of financing. The company has therefore arranged €10 million in bridge financing. This will enable the company to meet its immediate liquidity needs. The amount comes from a loan from the province of Groningen, supplemented by financing from Invest-NL and a number of banks.
Avantium is still in talks with existing lenders and the government about additional medium- and long-term financing. Earlier this year, the company announced its intention to raise €40 million through a share issue, but that process has not yet been completed.
The company is working on a sustainable alternative to PET bottles, among other things, but has been operating at a loss for years. To free up cash, Avantium is now also looking into selling parts of the business, including its R&D department.
In addition to its Amsterdam headquarters, the company has three pilot plants across the country, including the furic acid (FDCA) plant in Delfzijl. When announcing its results for 2024, Avantium also revealed that it will start commercial production of bioplastics this year and that it will sell both PEF and FDCA.
