Process economics
YXY will compete on price with oil-based monomer PTA
The company has developed a conceptual process design and economic analysis model. The economics of YXY Â process have been compared to current oil-based processes by looking at the economics of PTA. The economic model demonstrates that YXY building blocks will be able to compete with the conventional, oil-based monomer PTA once they are produced on a similar scale; PTA plants typically have a capacity of several hundred kilotons per year.
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The price of PTA is dependent on the price of para-xylene, which is derived from oil refining, and is therefore closely related to the price of crude oil. Over the past 10 years, the PTA price has ranged between EUR 600-1200 per ton. The price of Furanics will be dependent on the price of the carbohydrate feedstock. When produced at a similar scale, on the basis of historical data on biomass commodities, Avantium expects the production costs of Furanics monomer to be in the range of EUR 500-1200 per ton.Â
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In the long term, it is generally assumed that oil prices will follow an increasing price trend (with the usual short-term price volatility) because of the scarcity of new oil reserves and the increasing costs of oil refinery related to heavier oil crudes. Avantium expects that chemical and polymer companies will increasingly adopt feedstock diversification strategies to benefit from price differentiation of oil and biomass feedstock.
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YXY is advancing step by step. Read about our news, events, developments and progress here.
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