AFYREN Is Ramping up Its Efforts to Create a New Path for Organic Waste Recovery
07 Marzo 2024 - 7:45AM
Business Wire
- Collaboration with SUEZ, a leading player in circular waste
solutions, aims to create value from organic waste
- Project is in line with AFYREN’s core strategy of
transforming organic waste streams into resources with real
value
- The work is part of the European AFTER-BIOCHEM1 project,
with support from the CBE-JU2
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, and SUEZ, a world leader in circular solutions for
water and waste management, are working together on a new way of
creating value from organic waste.
At a time when nearly 20% of global food production is wasted,
the importance of limiting these losses throughout the value chain
and better valorizing waste streams is a fundamental challenge.
Regulatory developments in France are moving in this direction. A
provision of the AGEC (Anti-Waste for a Circular Economy) law on
organic waste collection for private households came into effect in
January 2024, while at the European level Amended Directive
2018/851 on the circular economy is set to make this subject
relevant across the EU. ADEME, the French agency for ecological
transition, estimates that the average French person puts 83 kg of
household organic waste in the garbage every year. The
re-organization of sorting and collection systems will go a long
way toward facilitating access to these flows and increasing the
amount of organic waste available to be processed.
An AFYREN initiative launched with SUEZ to develop a new,
complementary organic waste recovery process
Using waste from SUEZ's collection and treatment activities,
AFYREN’s process for manufacturing products that can replace
petroleum-derived molecules promises to offer an attractive
valorization path and a concrete, circular solution to the
decarbonization challenges faced by a variety of industrial
sectors.
The goal of this collaboration between AFYREN and SUEZ is to
develop an offer based on this solution that would be complementary
to the processes currently in place in France — such as those using
bio-waste as amendment or to generate methane for energy purposes.
In concrete terms, SUEZ is drawing on its expertise in organic
waste to identify possible sources, while AFYREN is continuing
laboratory tests at its R&D facility in Clermont-Ferrand. The
two players will also be working on a business model with a view to
marketing the solution, provided that it meets their financial and
sustainability requirements.
A project supported by the AFTER-BIOCHEM consortium
Created in 2012 and running at industrial scale since 2022, the
AFYREN process is based on the natural fermentation of biomass from
locally sourced co-products that do not compete with human food
crops. A wide range of raw materials can be used, including
co-products from the sugar industry (beet and cane), other organic
co-products (soy, cane, corn, beer production) — and now also
organic waste from garbage collection. AFYREN's ambition has always
been to position itself using raw materials that have little or no
value, with a view to creating better economics and bolstering
sustainability.
For its part, thanks to this collaboration, SUEZ will be able to
strengthen and diversify its range of circular solutions for
organic waste recovery. Today, the group converts in France around
2 million metric tons of organic waste into compost every year;
200,000 tons are valorized as biogas in France.
This initiative marks a significant step forward in the
collaboration between the two companies, initiated in 2020 as part
of the AFTER-BIOCHEM consortium. It is fully aligned with Europe's
ambitious policy on these subjects.
Jérémy PESSIOT Managing Director, R&D Director and
co-founder of AFYREN, said: "SUEZ is a long-standing partner in
the AFTER-BIOCHEM consortium, and I'm delighted to be able to move
forward on this project, which is particularly close to my heart,
as it is fully aligned with AFYREN’s DNA: innovate to turn waste
into a valuable resource."
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
_____________________ 1 https://after-biochem.eu/ 2 Circular
Bio-Based Europe Joint Undertaking
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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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