Entries by Thomas Gabrielczyk

Afyren raises €21m to launch production plant

French industrial biotech company Afyren announced a capital increase of €21m in a financing round led by  Sofinnova Partners and Valquest Partners to scale up its biobased organic acid production to industrial scale.

Race against time

After a quick start out the gates in 2012, the European Commission proceeded to carry out a lengthy review of its bioeconomy strategy – slamming the brakes on investor interest in EU bio­techs developing solutions for the move to a low-carbon, zero-waste economy. Following several reports that suggested the bloc will miss internationally agreed sustainability targets, the EC now wants to speed up the switch to biobased production. Industry stakeholders presented a huge range of promising technologies at the EFIB, but are still awaiting the go-ahead.