AFYREN and Bpifrance announce the creation of AFYREN NEOXY

Afyren and the SPI – Sociétés de Projets Industriels – industrial projects fund, managed by Bpifrance and financed by the French public “Programme d’Investissements d’Avenir” (Future Investments Program) and the European Investment Bank, are jointly investing 50 million euros in this industrial joint-venture. This first industrial subsidiary of Afyren will be focused on producing, using co-products from the sugar industry, organic acids that can be used in multiple applications, from cosmetics to flavors and fragrances, human and animal nutrition, and even fine chemicals. Based on the CHEMESIS platform in Carling Saint-Avold, in France’s Moselle region, this production unit will also benefit from private and public subsidies at local and regional level.

AFYREN, a producer of high-value bio-based building blocks with natural fermentation technologies, and Bpifrance, through its SPI industrial projects fund, have finalized theagreements for the creation of their joint subsidiary AFYREN NEOXY. This company, backed by nearly 50 million euros of capital, will house the first industrial unit based on the biomolecule production technology developed by AFYREN, which successfully completed a final pre-industrial phase in 2018, validating the efficiency of its non-GMO and zero-waste biological processes.

This agreement follows the 21 million euros of funds raised in January 2019, and is part of the 60 million euro global financing program, which will enable AFYREN to take its industrial project forward through to its market release. The SPI fund will invest 23 million euros for a 49% stake in AFYREN NEOXY, with AFYREN holding the remaining 51% of its capital.

The new plant will be based on the CHEMESIS platform in Carling-St Avold, in Moselle, on a 3-hectare site. It will notably benefit from industrial synergies with the platform’s major operators, among which Total Petrochemicals France. Based on co-products from the sugar industry, this unit will produce a range of seven organic acids with an initial annual capacity of 16,000 tons. This project will contribute to the region’s reindustrialization and the development of green chemicals with the CHEMESIS platform. It is expected to generate 60 new direct jobs by 2021. It is receiving financial support from Total Développement Régional, the Grand-Est region and the Saint-Avold Synergie metropolitan area.

[…] 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: