Biobased chemicals producer Afyren raises new capital
27/02/2026
Founded in 2012, the listed company has patented its technology which uses non-modified microorganisms. Life cycle analyses, based on pre-industrial data, have found that its biobased acids lead to significantly lower carbon emissions (five times lower). Its Afyren Neoxy biorefinery has been in operation since 2022. Located in a former petrochemical hub in Saint-Avold, in the east of France, it produces the company’s seven fully biobased organic acids, with zero waste and minimal water use, it said. This €80 million industrial project was supported by public and private investors. The EU’s Joint Undertaking Bio Based Industry platform contributed €20 million. Its current production capacity is 16,000 tonnes, and Afyren has plans to scale to 72,000 by next year.
A second plant is in the works with Thai group Mitr Phol, a producer of sugar cane and its derivatives. At full capacity this facility is expected to produce 28,000 tonnes yearly.
The new funds, the result of an increase in shares, represents 7.6% of the company’s capital.
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