AFYREN’s 2022 revenues up 14% year-on-year

In France, local firm AFYREN reported its revenues for 2022 totaled $3.8 million, up 14% compared to $3.26 million in 2021. The net result amounts to a loss of $10 million at the end of 2022, compared with a loss of $3.9 million at the end of 2021. The firm said that the net loss is in line with the company’s expectations, as AFYREN and AFYREN NEOXY teams are fully mobilized for the start-up of the first plant and the preparation of new facilities. Nicolas Sordet, CEO of AFYREN, said: “In 2022, AFYREN achieved major milestones set out in the roadmap presented at the time of its 2021 IPO, with the inauguration of the AFYREN NEOXY plant, the structuring of its teams, the pursuit of an advanced CSR policy and the signing of new contracts.” “Let’s move on to 2023 and the new challenges we are tackling, in particular the gradual launch of industrial production at AFYREN NEOXY this year and the finalization of our joint venture project with a leader in the sugar industry for a plant in Thailand. Exchanges with customers and prospects indicate that as each day goes by, demand is broadening for our unique offerings, and our priority is to meet it as soon as possible,” the executive said. AFYREN is a greentech company that provides manufacturers with low-carbon, bio-based products through its fermentation technology based on a completely circular model.

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