60 million euros of financing to move into industrial development phase

In order to offer industrial firms a reliable alternative to using acids based on oil derivatives, AFYREN has confirmed the production of bio-based organic acids on a pre-industrial scale for use with multiple applications. Today, AFYREN is launching its industrial development phase after securing total financing of 60 million euros, including a 21 million euro capital increase.

AFYREN, which produces high-value bio-based building blocks to manufacture acids using fermentation technologies, has just completed a 21 million euro round of fundraising, led by Sofinnova Partners and Valquest Partners, bringing on board Supernova, Crédit Agricole Création and Crédit Agricole Centre France alongside its historical shareholders AFY Partners and Sofimac Régions (Sofimac and the Jérémie Innovation 1 and 2 funds). This capital increase is combined with a program to finance AFYREN’s first plant, for which design and development plans are already underway. In line with its established strategy, this 60 million euro financing package will enable AFYREN to take its industrial project forward through to full commercialization.

For Nicolas Sordet, AFYREN’s CEO: “This major financing plan is an outstanding recognition of the exceptional journey undertaken by our teams, who have gradually and successfully completed all the stages of our ambitious project. Today, we possess good pre-industrial phase technology that we have been working on for several years and that has enabled us to deliver test batches to our first customers. Our bio-based products are already generating strong interest among leading businesses, and we are moving into the industrialization phase with confidence and enthusiasm”.

[…] read the press release in full

Download

Latest News

From natural fermentation to an industrial and innovative biomimetic process

Today, more than half of all companies say they are committed to sustainable development, but it is becoming increasingly clear that reconciling environmental and economic performance involves many difficult choices. Only 21% of companies have a clear roadmap for implementing their sustainability strategies. At AFYREN, we believe that sharing knowledge and experience can contribute to a more sustainable future. In our blog posts, we seek to share the expertise we have developed on our own journey toward a sustainable, circular business model. In 2021, the world used up the equivalent of 1.7 planets’ worth of resources to satisfy production and […]

 InspiringTalks – Biodiversity – Interview with Geert Van Aelst

InspiringTalks – Biodiversity – Interview with Geert Van Aelst, Head of Sustainability at Südzucker – Division Sugar   Yesterday was the International Day for Biological Diversity. At the occasion, we had a very interesting discussion with Geert Van Aelst, Head of Sustainability at Südzucker – (Division Sugar) about this major challenge. He shared with us his vision of the topic and explained us how the Division sugar of Sudzuecker is engaged for Biodiversity protection. Südzucker is Europe’s number one producer of a wide range of beet sugar products and specialties, with 15 sugar factories, extending from France in the west […]

AFYREN to offer differentiated sustainable solutions with the launch of new brands for its biobased products in several markets

The strategy responds to customers and stakeholders who are increasingly seeking more environmentally friendly solutions AFYREN’s move marks another step toward increasing visibility and recognition for its biobased products AFYREN’s biobased solutions have distinct advantages for each target market Clermont-Ferrand/Lyon, 17th of May 2022, 8:00 am CEST – AFYREN, a greentech company that manufactures biobased ingredients using fermentation technology and a circular business model, unveiled its plan to market high quality solutions that will help customers in the industries it serves meet their sustainability goals. AFYREN makes biobased carboxylic acids (C2-C6) that are needed in a wide variety of industries […]

Strategic contract signed for the supply of an organic acid from the AFYREN NEOXY range in animal nutrition

Thanks to its proven antimicrobial property, AFYREN’s biobased acid will enable its customer to contribute to animal health with its nutrition offerings for a wide variety of animal species. The customer will benefit from a short and reliable supply chain, and a product with a reduced carbon footprint, produced using sustainable renewable resources and without palm oil. AFYREN’s ingredient also meet requirements for GMO-free solutions in Europe. Full Press release: