Poly (ethylene 2,2′-bifuran-5,5′dicarboxylate) (PEBF) is a new biosourced polyester recently reported to have significant enhancement of oxygen barrier properties and glass transition temperature when compared to poly (ethylene terephthalate). We report herein our independent studies on the polymerization and properties of this new polyester. Our findings are contrasted to an earlier report. While the Tg of 106–108 °C was confirmed to be consistent with the early data, we observed crystallization on both cooling and heating cycles in the DSC which were not previously observed, higher tensile elongation to break values, and significantly lower oxygen permeabilities compared to the earlier report. Preliminary uniaxial orientation experiments indicate that this polymer is a good candidate for biaxial orientation processing. We discovered that both the monomer, dimethyl-2,2′-bifuran-5,5′-dicarboxylate (BFE), and the polymer are subject to thermal oxidation which was explored with cyclic voltammetry on the monomer. Experiments with added antioxidant during the polycondensation show marked reduction in the thermal oxidation as observed by color reduction and enhanced stability to melt processing.