Accessible oil reserves took 600 million years to form, and 200 years to be almost exhausted. Pumping it is going to be increasingly difficult, and while it’s probably a good thing that we’re stopping using it as a fuel, it’s also true that it’s an important raw material in many industries.

Black gold derivatives are not limited to the fuel tanks of our cars and the mountains of plastic waste. They’re also important in the medical, cosmetics and food sectors, so many startups are looking for ways to find more sustainable materials.

AFYREN has developed a technology that combines fermentation and extraction operations in a single process to extract molecules from organic waste that can be used by the chemical industry.

One of the main strengths of the process is its raw material: waste. This can be beet pulp, manure, green waste or even household refuse. The process itself produces almost no waste.

History and progress of Afyren

The project was born in 2012 and its first pilot saw the light of day in 2017. After raising €21 million in January 2019, the company set up a joint venture financed to the tune of €60 million to operate a plant capable of generating 16,000 tons of organic acids and €35 million in annual sales. It will be listed on Euronext on October 1, 2021.

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