Avantium closes a €55.45 million capital increase to accelerate FDCA production
Avantium announced on 11 November 2026 the closing of its rights issue. The Dutch renewable chemicals group states that it provides the funding needed for the next phase of its strategy.
Existing shareholders exercised their rights for the bulk of the offering, and the remainder, offered to other investors, was fully subscribed.
Flagship plant, commercial deliveries and licensing as priorities
Among the uses of the funding, the press release cites the ramp-up of the FDCA flagship plant, the first commercial deliveries and the development of the licensing business. FDCA serves as the basis for the bio-based PEF plastic.
For Tom van Aken, Chief Executive Officer, the production of the first volumes opens a new stage: “With the first FDCA successfully produced at our flagship plant and this secured funding, our priority is clearly what comes next.”
According to him, this priority consists of “preparing the first commercial deliveries of products from our FDCA flagship plant and accelerating our commercial and licensing activities”. He summarised the group's objective: “Our ambition is clear: to deploy FDCA and PEF globally through our flagship plant and our licensing business.”
85.7% of new shares subscribed through exercise of rights
At the end of October, the group had launched an offering of 33,608,956 new ordinary shares at a unit price of €1.65, on a ratio of 4 for 3. The transaction was subject to subscription commitments and an underwriting guarantee covering the entire offering. Gross proceeds amount to approximately €55.45 million.
At the close of the subscription period, on 10 November 2026, 28,817,796 new shares had been subscribed through exercise of rights, representing a subscription rate of 85.7%. The remaining shares, offered in a complementary placement, were fully subscribed.
Tom van Aken welcomed the support of shareholders, new investors and public partners. According to him, this financing places the company “in a stronger position to execute [our] business plan”.
