Home » AFYREN and the AFTER-BIOCHEM European consortium obtain a funding of 20 million euros

AFYREN and the AFTER-BIOCHEM European consortium obtain a funding of 20 million euros

11 June 2020

Press release

AFYREN and the AFTER-BIOCHEM European consortium obtain a funding of 20 million euros for the industrial production of new bio-based products.

FYREN, a French biotech company which designed a breakthrough innovation in green chemistry to help preserve the planet, has successfully gathered 12 key bioeconomy players around a new European project to develop the first of its kind flagship biorefinery in France. AFTER-BIOCHEM (Anaerobic Fermentation & EsteRification of BIOmass for producing fine CHEMicals) aims to create innovative and more sustainable value chains from non-food biomass feedstock, by producing multiple high added-value products.

The project is supported by the European Commission and the Bio Based Industry Joint Undertaking (BBI-JU) who will fund 20 M€ in this project.

“As a French start-up, we are very proud to lead the present European consortium and to have succeeded in gathering such renowned partners, representing altogether more than 30 billion euros global sales, says Nicolas SORDET, CEO of AFYREN. “Together, we are willing to contribute to the development of a sustainable European model of biorefinery, relying on low-carbon emission and circular bioeconomy principles. AFTER-BIOCHEM will enable us to experiment, validate and replicate such innovative model thus contributing to transform industrial practices. We warmly thank all our partners alongside the BBI-JU for their confidence.”