“Simplification of the European regulatory framework could also go a long way toward accelerating and promoting the circular bioeconomy surge.“ Nicolas Sordet, founder and CEO of AFYREN, talks to Il Bioeconomista. Founded in 2012 and headquartered in France, AFYREN collected more than €70 million funding in 2019, which allows the company to grow from a pilot stage to industrial-scale production.
Afyren and Südzucker reached an unprecedented long-term agreement on the supply of sugar beet co-products as feedstock for Afyren Neoxy, the zero-waste, low-carbon biorefinery that will begin producing seven 100% biobased organic acids at industrial scale in early 2022. The partnership is in accordance with both companies’ sustainability strategies. Using these co- products to produce bio-based organic acids provides a high level of revalorization and does not affect the food chain.
French Industrial biotech company Afyren, which produces high-value bio-based building blocks to manufacture acids using fermentation technologies, has 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).