Propionic acid

Renewed partnership extends supply of French-made, bio-based potassium-rich fertilizer for high-value crop formulations, strengthening local potassium availability.

Plant passed 1,000 t of bio-based acids; capacity reached 30–40% after June works; process held up during heat/water stress; aims to double NEOXY H2 2026 revenue vs H1.

NEOXY plant generated ~€1M in early 2026, production in the hundreds of tonnes, capacity at 20%, and a June 2026 shutdown for reliability and optimisation.

New bioreactor tech cuts energy use by 80-90%, converts chemicals efficiently, and enhances safety. Customizable for diverse applications, it aims to lower costs and environmental impact.

The plant completed construction, began production, and delivered initial biobased acid lots. It aims for full capacity by 2023, targeting 16,000 tons annually and €35M in sales.

The financing will fund the first plant's design and development, advancing bio-based acid production technology for markets like cosmetics, nutrition, and fine chemicals.