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
October 28, 2025 - 20:00
Nvidia Collaborates with Spectro Cloud to Streamline AI AdoptionNvidia has announced a strategic partnership with Spectro Cloud, a startup supported by Goldman Sachs, to address significant challenges in the adoption and management of artificial intelligence...
October 28, 2025 - 07:02
October Sees Decline in Dallas Fed Manufacturing ActivityIn October, the Dallas Federal Reserve reported a notable decline in manufacturing activity, despite a slight increase in the general business activity index. The index rose four points but still...
October 27, 2025 - 23:07
Sterling Capital to Close Underperforming Focus Equity ETFSterling Capital has announced the decision to close its Focus Equity ETF in November, citing persistent underperformance and a lack of investor demand as the primary reasons for this move. The...
October 27, 2025 - 09:12
Former Ford CEO Predicts Slow Growth for EV Market Amid Federal Incentive ChangesMark Fields, who served as Ford`s CEO from 2014 to 2017, has shared his insights on the future of the electric vehicle (EV) market, suggesting that growth will be more gradual than many automakers...