ARF Bio, will expand its green ecosystem with the proceeds from the public offering.

Goals of ARF Bio Renewable Energy Production Inc.

ARF Bio Renewable Energy Production Inc. aims to expand its circular green ecosystem by investing in microalgae and a 50,000 square meter closed glass greenhouse with the proceeds from its initial public offering. The company, which produces renewable energy and fertilizer from animal and agricultural organic waste at its facilities located in Ödemiş, Izmir, aims to broaden its integrated production facility to include the production of microalgae, which is valuable for the biochemical industry.

Production with Negative Carbon Policy

ARF Bio conducts its production processes within the framework of a negative carbon policy and converts the carbon credits it obtains into revenue. The company plans to achieve greater product diversity from animal and agricultural organic waste with new investments.

Integrated Approach: More Sustainability

Melih Arslan, Vice Chairman of the ARF Bio Board of Directors, stated in his remarks after the gong ceremony at Borsa Istanbul that the company, established in 2016, began its integration process with its 4.8 megawatt biogas plants in Izmir. He mentioned that they produce 50,000 tons of organic solid and 50,000 tons of liquid fertilizer annually, highlighting that most other biogas plants only produce electricity, thereby emphasizing the difference of their integrated structures.

Growth Objective with Investors

Arslan noted that the initial public offering is a critical step towards the company's growth goals, stating, "We want to grow by sharing success with investors. Our aim is to create a closed, green, and sustainable cycle." He elaborated on their microalgae investment to be made with the IPO proceeds, pointing out that the cycle will be completed by feeding organic waste back into the system.

Diversity with Microalgae and Greenhouse Investments

ARF Bio stated that the extracts from the products obtained from the microalgae facility will contain critical raw materials for the pharmaceutical, cosmetic, and food industries, and announced that they will carry out organic farming in a 50,000 square meter glass greenhouse. By reintegrating the organic waste generated after harvest back into the system, they aim to diversify their revenues as well as reduce carbon emissions. Arslan added that they are acting with a sense of responsibility for a more livable world in the future.