(CercleFinance.com) – Afyren gained more than 4% this Tuesday on the Paris Stock Exchange after having successfully completed several long production cycles at its ‘Neoxy’ factory with a view to delivering the first commercial volumes of acids.
During a visit organized for its shareholders, the ‘greentech’ assured that its teams now had a good mastery of the processes and stages following several months of tests and trials.
The company says it has ‘great confidence’ in its ability to ensure the continuous start-up of the site in 2024.
Afyren promotes local biomass from non-food agricultural residues in order to replace petro-sourced ingredients usually used in animal nutrition, lubricants or technical fluids.
The company specifies that operations will be carried out in the coming weeks after the identification of potential improvements, but without impact on the start-up schedule.
Afyren also confirmed its objective of reaching its profitability threshold – in the sense of current production Ebitda – in 2025.
The stock has gained more than 41% since the start of the year.
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