Avantium N.V., a leading technology company in renewable chemistry, announces that it has signed a conditional offtake agreement with world luxury goods leader LVMH Group (Mo\u00ebt Hennessy Louis Vuitton). With this offtake agreement, LVMH Perfumes & Cosmetics Houses has secured a fixed volume of the plant-based, recyclable and high-quality material PEF (polyethylene
furanoate) from Avantium\u2019s Flagship Plant for its cosmetics packaging. Avantium expects
to start-up its Flagship Plant in 2024, enabling the commercial launch of PEF.<\/p>\n\n\n\n
Avantium is currently constructing its FDCA Flagship Plant, which is the world\u2019s first commercial
plant for the production of FDCA (furandicarboxylic acid) from plant-based sugars. FDCA is the key ingredient for making the sustainable and circular plastic material PEF. PEF is 100% plant based and can be fully recycled. Moreover, the PEF outperforms traditional packaging materials such as conventional petroleum-based plastic. It has superior barrier properties – leading to longer product quality – and also has higher mechanical strength – enabling thinner packaging and thereby reducing the amount of material required.<\/p>\n\n\n\n
Earlier this year, the research branch of LVMH joined the PEFerence consortium1 coordinated by
Avantium, to team up with other leading brands and value chain partners to facilitate the
commercialisation of PEF. Over the past year, LVMH and Avantium have worked closely together to assess the potential of Avantium\u2019s PEF as a sustainable packaging solution for LVMH beauty brands, which includes Parfums Christian Dior, Givenchy Parfums, Guerlain and many others. With those test results proving successful, LVMH Perfumes & Cosmetics Houses has now decided to sign an offtake agreement, as the first luxury cosmetics company, further enabling the commercial introduction of PEF to the cosmetics market.<\/p>\n\n\n\n
Claude Martinez Executive President and Managing Director, Beauty Division of LVMH Group,
comments: \u201cAs part of our social and environmental strategy \u201cLIFE 360\u201d (LVMH Initiative for the
Environment), LVMH Beauty is always looking for sustainable materials with superior performance for our luxury products. The environmental and performance features of PEF are unique and meet our sustainable packaging goals without any compromise on quality. We are pleased to collaborate with Avantium and help to enable the commercial introduction of PEF to the cosmetics market.\u201d
<\/p>\n\n\n\n
Tom van Aken, CEO of Avantium, says: \u201cWe are delighted that LVMH has adopted PEF as a
sustainable solution for its cosmetics packaging. We look forward to supporting LVMH\u2019s sustainability
strategy \u201cLIFE 360\u201d and the company\u2019s target of zero plastic from virgin fossil feedstock, while
delivering a high-quality, innovative packaging material that the luxury consumers of LVMH may
expect.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Avantium N.V., a leading technology company in renewable chemistry, announces that it has signed a conditional offtake agreement with world luxury goods leader LVMH Group (Mo\u00ebt Hennessy Louis Vuitton). With this offtake agreement, LVMH Perfumes & Cosmetics Houses has secured a fixed volume of the plant-based, recyclable and high-quality material PEF (polyethylenefuranoate) from Avantium\u2019s Flagship<\/p>\n","protected":false},"author":1,"featured_media":4970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,69],"tags":[142,141],"class_list":{"0":"post-4969","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news","8":"category-print-labelling","9":"tag-avantium","10":"tag-lvmh-perfumes"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/4969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=4969"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/4969\/revisions"}],"predecessor-version":[{"id":4971,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/4969\/revisions\/4971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/4970"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=4969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=4969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=4969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}