2024-09-23

FMG Circular Invest invests in Bygen to support growth of sustainable activated carbon

FMG Circular Invest, the venture capital initiative between Mellby Gård and Feralco supporting innovations in wastewater treatment and the circular economy, expands its portfolio with Bygen, an Australian startup manufacturing sustainable activated carbon. FMG Circular Invest joins Breakthrough Victoria Fund, Artesian Alternative Investments and other investors in backing the company’s goal to drive innovation in this sector.

Bygen, originally spun-out of the University of Adelaide, is helping the water industry tackle the issue of the carbon footprint associated with activated carbon. Its low-temperature technology (LTA) allows for the production of more sustainable activated carbon using agricultural and forestry by-products.