Afyren Raises €21m to Launch Production Plant
Along with its historical shareholders, AFY Partners and Sofimac Régions Afyren has raised greater than €60m to maneuver its zero-waste fermentation technology dubbed Afynerie into industrial growth section. The corporate at present produces seven natural acids from non-food derived sugar on the preindustrial scale. The capital improves mixed with a program to finance the company’s first commercial-scale plant – a 1,000m3 fermentation plant with an annual manufacturing capability of 15,000 liters of acetic acid, propionic acid, butyric acid, isobutyric acid, valeric acid, iso-valeric, or caproic acid and high-value compounds derived thereof by green chemistry.
Along with the €21m capital enhance, co-buyers Supernova, Crédit Agricole Création, and Crédit Agricole Centre France entered Afyren’s Board.
The proceeds will allow Afyren to take its industrial mission ahead utilizing to full commercialization. After the company launched a 3m3 pilot plant in 2015 that transformed non-meals-derived sugars from its associate Cristal Union, it put in a 70m3 preindustrial plant to optimize the product purification course of to yield products in 99% purity. “At present, we possess good preindustrial part expertise that we’ve engaged in for several years, and that has enabled us to ship check batches to our first prospects,” said Nicolas Sordet, CEO of Afyren.
According to Afyren, its fermentation platform permits the production of natural building blocks, beforehand completely accessible by petroleum-primarily based conversion. Using a zero-waste method, Afyren makes use of sugars derived from several types of second era biomass into the seven carbon acids to target the cosmetics, flavors and fragrances markets, in addition to the human and animal vitamin markets, and even the manufacturing of incredible chemical compounds.
Firm co-founder Jérémy Petiot stressed, “we’re firmly dedicated to offering a first-class environmental profile, significantly by way of decreasing CO2 emissions, and besides competitiveness, enabling industrial clients to interchange petroleum-based mostly products with our pure constructing blocks.” Michael Krel, Principal at Sofinnova Companions, added: “Now we have been following Afyren for a very long time, and we’ve been impressed with their achievements over the past 18 months. With this round of investment, Afyren now has the human and monetary assets wanted to industrialize its expertise”.
Based in 2012 by Régis Nouaille and Jérémy Petiot, Afyren right this moment has 15 staff at two sites nearby Lyon and Clermont-Ferrand.