"Morgane: 'Green' Fuel for the Spark of Life", Olmix presents "Morgane" France's 1st Green Refinery

Press release:

OLMIX leads the way. At a time of heightened environmental awareness stemming from the Grenelle Environment Forum (meeting of political leaders and NGOs held in Paris to debate and negotiate environmental issues) and just weeks away from the Salon International de l’Agriculture, where industry leaders will discuss agriculture and sustainable development, the company presents “Morgane”, a green refinery project that is the first of its kind in Europe.

For the first time, a “green” chemicals unit is capable of combining animal and vegetable waste with green algae and transforming them into renewable energies and natural products for agriculture.

The pilot site of “Morgane” will be located in Ploërmel (Morbihan département), in the heart of Brittany, the international group’s home territory and an area rich in raw materials resources. Morgane will offer a next-generation response to two of the region’s major environmental concerns: nitrate pollution and the proliferation of green algae along the coastline.

The Morgane initiative is already backed by leading organisations: the Caisse des Dépôts (France’s state-owned financial group), the Ploërmel municipal community, various agricultural cooperatives and the Centre d’Enseignement Agricole de la Touche, an agricultural learning and research facility. The commitment of these actors is evidence of the convergence of public-private interests in the roll-out of this sustainable development project.

Olmix: International success for a French leader in sustainable development

In launching Morgane, Olmix takes a step further in its commitment to sustainable development. A specialist in innovating high-technology products that respect the environment, Olmix develops and produces natural additives to replace synthetic ones and markets its solutions to industrial enterprises all over the world.

Founded in 1995 and traded on the Paris OTC market since 2005, Olmix is a leader in offering concrete solutions for sustainable development. Its innovations in the use of eco-resources have already resulted in products which are distributed in more than 80 countries worldwide.

Since its inception, the company has posted impressive, steady growth, averaging around 20% per year. In its 2006/2007 fiscal year, the company recorded sales of 52 million euros.

About Olmix:
Founded in 1995 by Hervé Balusson, the Olmix company is a specialist in “green” chemicals. Based in Bréhan in the Morbihan département (Brittany), it has sales of 52 million euros, 250 employees, seven factories in Europe and offices in 80 countries worldwide.


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