Avantium has opened a demonstration factory in the Netherlands for its new plant - based mono - ethylene glycol ( MEG ) production process , which converts industrial sugars to rubber . The company 's Ray plant offers a sustainable alternative to the use of the ingredient , which is vital for creating polyester . While 99 % of current MEG is generated from fossil fuels , Ray 's facility in Chemie Park Delfzijl has an annual capacity of 10 mt and will be cost competitive compared with fossil fuel - based MEG plants . If the newly opened facility is successful , the company plans to build a commercial plant for 2024 .
Avantium has opened a demonstration factory in the Netherlands for its new plant-based mono-ethylene glycol (MEG) production technology, which converts industrial sugars to glycols. The company's Ray Technology offers a sustainable alternative to the production of the ingredient, which is vital for creating polyester. While 99% of current MEG is generated using fossil fuels, Avantium's facility in Chemie Park Delfzijl has an annual capacity of 10 mt and will be cost competitive compared with fossil fuel-based MEG plants. If the newly opened facility is successful, the company plans to commission a commercial plant for 2024.