AFYREN Secures €3 Million Grant from Grand Est Region

AFYREN, a greentech firm known for producing biobased, low-carbon ingredients, has received a €3 million grant from the Grand Est Region via the European Just Transition Fund. This funding will boost performance investments at AFYREN NEOXY, now fully owned by AFYREN. The grant highlights the potential of the biorefinery and supports strategic developments in sustainable industrial production.

Nicolas Sordet, AFYREN's CEO, emphasized the importance of bio-based solutions in light of recent geopolitical challenges and the shift away from oil dependency. The grant complements the final €2.2 million installment received in March under Bpifrance’s “France Relance” to bolster critical sector investments.