Futerro closed its first fund-raising worth 12 million Euros in preparation for the construction of its new biorefinery

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Frederic Van Gansberghe, CEO Futerro

Futerro S.A., a pioneering Belgian company specializing in the production of lactic acid, lactide and PLA (polylactic acid), closed its first fund-raising worth €12 million in preparation for the construction of its new biorefinery in Normandy. In addition to its historical shareholders, Finasucre and Compagnie du Bois Sauvage, Futerro has a new shareholder, Cybelle, whose shareholder is a major player in the packaging sector for the food industry, via the Cedap group.

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