22.03.2024 • NewsBioprocessingBiotechnologyLow-Carbon

Afyren Neoxy Gets €3.4 Million in After-Biochem Project

Greentech firm Afyren Neoxy, a subsidiary of Afyren, received a €3.4 million payment this week for achieving key milestones with its bio-based low-carbon products.

Afyren Neoxy’s €20 million grant from the Circular Bio-based Europe Joint Undertaking (CBE JU) saw its third installment recognized in the 2023 accounts. The After-Biochem project, led by a consortium of 12 partners including Afyren Neoxy, aims to create sustainable value chains from renewable, non-food raw materials. The project, which also focuses on downstream markets, received the third grant installment after meeting a set of achievements.

The After-Biochem project, backed by CBE JU, will persist with an emphasis on plant performance during the production phase. This includes life cycle and product performance analysis with end-user partners. Future developments, such as plant replication and new product projects, will also be evaluated.

With the recent payment, CBE JU’s total support for After-Biochem has reached €16 million in the last four years. 90% of this was directly invested in Afyren Neoxy, aiding all development phases of the plant. The factory’s initial total CAPEX is around €62 million. The French state investment bank BPI holds a 49% stake in Afyren Neoxy.

Afyren Neoxy receives €3.4 million milestone payment as part of the...
Afyren Neoxy receives €3.4 million milestone payment as part of the After-Biochem project. © Afyren Neoxy

Company

AFYREN SAS

9-11 rue Gutenberg
63100 Clermont-Ferrand
France

Company contact







Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

CHEManager Spotlight

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics
Creating Interfaces

Standardization and Harmonization of Digital Chemical and Pharmaceutical Logistics

CHEManager Spotlight is an exclusive event tailored for practitioners and decision-makers in the chemical industry. This part of our event series delves into the latest trends and innovations in logistics to streamline your operations and drive efficiency.