BASF and Avantium intend to establish joint venture

March 15th 2016

Ludwigshafen, Germany, and Amsterdam, Netherlands – March 15, 2016 BASF and Avantium today announced that they have signed a letter of intent and entered into exclusive negociations to establish a joint venture for the production and marketing of (FDCA) and (PEF), based on this new chemical building block.