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AFYREN receives €3 million grant from the Grand Est Region through the European Fair Transition Fund

24 April 2026

News post Press release

Clermont-Ferrand/Lyon, April 24, 2026, 7:30 am CEST – AFYREN,a greentech company offering manufacturers biobased, low-carbon ingredients through a unique fermentation technology based on a circular model, receives a €3 million grant from the Grand Est Region through the European Fair Transition Fund. Additionally, AFYREN reaches the milestones required to obtain the final payment of the grant awarded under Bpifrance’s France Relance call for projects.

The green transition extends beyond environmental goals to support models that reconcile economic performance, sustainable social impact, and resilience to external shocks. To address these challenges, the European Union has established the Fair Transition Fund in the most strategic regions and sectors. In order to meet the actual needs of local territories, Europe has entrusted management of these funds to selected regions. In this context, AFYREN is proud to have been selected by the Grand Est Region to benefit from this support, which will contribute to financing performance investments at the AFYREN NEOXY plant, now 100% owned by AFYREN.

Nicolas SORDET, Chief Executive Officer of AFYREN, stated: “Recent geopolitical events have highlighted the vulnerability of economic models that are heavily dependent on oil and at the same time have underscored the relevance of alternative bio-based solutions. Driven by this long-term conviction, we have recently taken full ownership of our biorefinery and are diligently continuing with the execution of our investment program aimed at strengthening the performance of our industrial asset. The grant represents additional support in this context and is made even more meaningful as it comes from stakeholders committed to the economic vitality and resilience of the territories in which we operate.”

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