AFYREN Announces €10 Million Sustainable Financing for AFYREN NEOXY
January 8, 2025 - 23:24
CLERMONT-FERRAND, France & LYON, France, January 08, 2025—In a significant development for the greentech sector, AFYREN has provided an update on its operations and revealed a new financing initiative amounting to €10 million for its subsidiary, AFYREN NEOXY. This funding is aimed at advancing the company's mission to supply manufacturers with biobased, low-carbon ingredients through innovative fermentation technology that adheres to a circular economy model.
The company has adjusted its timeline for the continuous production of AFYREN NEOXY, now targeting a launch in 2025, a shift from the previously anticipated 2024 start date. This strategic decision underscores AFYREN's commitment to ensuring the highest standards of production quality and sustainability.
Additionally, AFYREN reports a robust cash position of approximately €33 million, positioning the company well for its upcoming projects and initiatives. This financial stability is expected to support further advancements in their sustainable product offerings, reinforcing their role as a leader in the biobased ingredients market.
MORE NEWS
August 24, 2026 - 11:20
Republic Business Credit Supports Textile Wholesaler with $2.75MM Factoring FacilityRepublic Business Credit has closed on a new $2.75 million factoring facility for a national textile wholesaler, a move aimed at supporting the company`s push into West Coast markets. The financing...
August 23, 2026 - 23:52
Capitol Hill businesses say sewer project came with little notice, now worry about revenueShop owners and restaurant operators near 12th Avenue and Pike Street on Capitol Hill say they were blindsided by a major Seattle Public Utilities project that has torn up the sidewalk and blocked...
August 23, 2026 - 01:32
Mamdani's grocery plan could bankrupt local bodegas, business leader warnsA coalition of local business owners is pushing back against New York City Mayor Zohran Mamdani`s plan to open government-run grocery stores, warning that the initiative could drive neighborhood...
August 22, 2026 - 05:11
Gahanna businesses, city crews clean up after widespread floodingFloodwaters have receded in Gahanna, leaving behind a thick layer of mud, debris, and a long to-do list for local business owners and city workers. The widespread flooding, which hit the area hard...