AFYREN NEOXY Makes Its First Fertilizer Commercial Deliveries
11 April 2024 - 7:45AM
Business Wire
- First fertilizer batches produced by the AFYREN NEOXY plant
delivered to partner Terrial (a subsidiary of the Avril and SUEZ
Groups)
- The potassium-rich fertilizer can be used in organic farming
and is produced locally
- This product contributes to the circularity of the AFYREN
model
Regulatory News:
AFYREN (Paris:ALAFY), a greentech company that offers
manufacturers natural, low-carbon ingredients produced using unique
fermentation technology based on a completely circular model,
announced that it made the first commercial deliveries of
fertilizer produced by its AFYREN NEOXY plant to its partner
Terrial.
Fertilizer, AFYREN's other flagship product
Several dozen tons of fertilizer have left the AFYREN NEOXY
plant in recent weeks, bound for our customer and partner Terrial.
These first batches are the result of start-up work aiming at
continuous production at the plant.
AFYREN NEOXY's fertilizer is a co-product of its manufacturing
process, which transforms local non-food biomass from agricultural
by-products into biobased organic acids. The fertilizer contributes
to a new cycle of biomass generation, completing AFYREN’s
zero-waste, circular model.
Agronomic studies carried out on various crops (tomatoes,
cucumbers, potatoes, wheat) have demonstrated the qualities of the
AFYREN NEOXY fertilizer, which is rich in potassium and low in
chlorine. AFYREN NEOXY's biomimetic manufacturing process, based on
natural (GMO-free) micro-organisms, meets organic farming
specifications. Its properties make it particularly well-suited to
demanding crops such as grapes, fruit trees and other market
produce.
The sustainable fertilizer produced by AFYREN NEOXY is 100%
regionally sourced, and offers other advantages: its origin and
manufacturing process lighten the logistical complexities of
transport, and reduce exposure to the volatility of energy prices —
issues that have become problematic for farmers.
In addition to contributing to the circularity of AFYREN's
offerings through this “return to the soil,” fertilizer will
contribute positively to AFYREN NEOXY plant's sales through the
sales agreement with Terrial, which covers all of the fertilizer
volume produced. The outlook for future plants is equally
promising.
Nicolas SORDET, CEO of AFYREN said: "The fertilizer
produced at industrial scale by our AFYREN NEOXY plant is rich in
potassium, made in France, and can be adapted to a variety of
particularly demanding crops. This 100% regional (short supply
chain), non-GMO product meets the specifications of organic farming
perfectly, while contributing to France's re-industrialization and
improving food production sustainability. We are proud to offer a
solution that will be of interest to all those involved in the
development of regenerative agriculture.”
About AFYREN
AFYREN is a French greentech company launched in 2012 to meet
the challenge of decarbonizing industrial supplies. Its natural,
innovative and proprietary fermentation technology valorizes local
biomass from non-food agricultural co-products, replacing
petro-sourced ingredients usually used in many product
formulations. AFYREN's 100% biobased, low-carbon and sustainable
solutions can meet decarbonization challenges in a wide variety of
strategic sectors: human and animal nutrition, flavors and
fragrances, life sciences and materials, and lubricants and
technical fluids. AFYREN's plug-and-play, circular technology
combines sustainability and competitiveness, with no need for
manufacturers to change their processes.
The Group's first French plant, AFYREN NEOXY, a joint venture
with Bpifrance's SPI fund, is located in the Grand-Est region of
France, in Saint Avold, serving mainly the European market.
AFYREN is also pursuing a project in Thailand with a world
leader in the sugar industry, and is developing its presence in the
Americas, following up on distribution agreements it has already
signed.
At the end of 2023, AFYREN employed about 120 people in Lyon,
Clermont-Ferrand and Carling Saint-Avold. The company invests 20%
of its annual budget in R&D to further develop its sustainable
solutions.
AFYREN has been listed on the Euronext Growth® exchange in Paris
since 2021 (ISIN code: FR0014005AC9, mnemonic: ALAFY).
Find out more: afyren.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240410659414/en/
AFYREN Director for ESG, Communications and Public
Affairs Caroline Petigny caroline.petigny@afyren.com
Investor Relations Mark Reinhard
investisseurs@afyren.com
NewCap Investor Relations Théo Martin / Mathilde
Bohin Tel: 01 44 71 94 94 afyren@newcap.eu
NewCap Media Relations Nicolas Merigeau / Gaëlle
Fromaigeat Tel: 01 44 71 94 98 afyren@newcap.eu
International Media relations Bogert-Magnier
Communications James Connell +33 6 2152 1755
jim@bogert-magnier.com
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