RCS - Agronomics Limited - Agronomics portfolio company HydGene Update

AgronomicsAnnouncement

Thu 18:00

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RNS Number : 1021H  Agronomics Limited  04 June 2026

Agronomics portfolio company HydGene selected for Greentown Go Make 2026
programme

("Agronomics" or the "Company")

 

Agronomics Limited (LSE: ANIC), the leading listed company focused on clean
food, is pleased to announce that its portfolio company HydGene Renewables Pty
Ltd ("HydGene") has been selected as part of the Greentown Go Make 2026
cohort.

 

Greentown Go Make 2026 is an open-innovation programme run by Greentown Labs
in collaboration with Shell Catalysts & Technologies Limited and Technip
Energies NV, focused on catalytic solutions for industrial decarbonisation and
the energy transition. HydGene was selected as one of five companies globally
following a highly competitive application process involving 148 applicants
from 35 countries.

 

The programme focuses on process technology and catalytic innovations across
areas including low-carbon fuels, low-carbon gases, CO₂ removal, and
alternative chemical manufacturing, with catalysts recognised as a key enabler
of the global energy transition. HydGene's platform produces low-carbon
hydrogen and industrial chemicals from waste biomass using a modular
biocatalyst system designed for distributed deployment.

 

As part of the programme, HydGene will have the opportunity to work directly
with technical and engineering teams from Shell Catalysts & Technologies
and Technip Energies, including in areas such as technical validation, process
design, scale-up, operational implementation and market channel development,
as they explore potential pathways to commercial deployment.

 

The programme also provides access to mentorship, partnership-focused
collaboration and increased industry visibility, supporting the advancement of
early-stage technologies towards industrial application.

 

Jim Mellon, Executive Chair of Agronomics, commented: "HydGene's selection for
the Greentown Go Make 2026 programme is a strong validation of its technology
and its potential role in industrial decarbonisation. Working alongside
leading global partners such as Shell and Technip Energies provides a
significant opportunity to accelerate the development and deployment of its
low-carbon hydrogen platform. We look forward to following HydGene's progress
through the programme."

 

Agronomics first invested in HydGene in 2023 and has invested a total of
approximately £1.3 million, which, subject to audit, is currently carried at
approximately £1.3 million. This position represents around 1.0% of
Agronomics' most recently reported Net Asset Value of £140.0 million as of 31
December 2025.

 

The full announcement is set out below, with no material changes:

 

Greentown Go Make 2026 with Shell and Technip Energies Announces Startup
Cohort

Five startups will participate in the open-innovation program focused on
catalytic solutions for industrial decarbonization and the energy transition

SOMERVILLE, Mass. and HOUSTON, May 21, 2026: -- Greentown Labs
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=1658929879&u=https%3A%2F%2Fwww.greentownlabs.com%2F&a=Greentown+Labs)
, the world's largest climatetech and energy incubator, today announced the
startup cohort for Greentown Go Make 2026
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=636775249&u=https%3A%2F%2Fgreentownlabs.com%2Fgo-make%2F&a=Greentown+Go+Make+2026)
-an open-innovation program with Shell Catalysts & Technologies (Shell
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=2636324914&u=https%3A%2F%2Fwww.shell.com%2F&a=Shell)
) and Technip Energies
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=940769968&u=https%3A%2F%2Fwww.ten.com%2Fen&a=Technip+Energies)
. Go Make 2026 focuses on process technology and catalytic innovations for
low-carbon fuels, low-carbon gases, CO(2) removal, and alternative chemical
manufacturing.

 

Catalysts are a critical enabler of the global energy transition. Nearly 90
percent
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=3102442176&u=https%3A%2F%2Fseas.harvard.edu%2Fnews%2F2024%2F02%2Ftowards-more-efficient-catalysts&a=90+percent)
of all chemical processes rely on catalysis, but many catalytic methods remain
fossil-based and energy-intensive.

 

After a highly competitive selection and deliberation process that saw 148
applicants from 35 countries, a cohort of five cutting-edge startup
participants was selected:

 

●    Biosimo
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=197345854&u=https%3A%2F%2Fwww.biosimo-chemicals.com%2F&a=Biosimo)
(Houston, TX) makes scalable biochemicals from ethanol that match
petrochemical cost, performance, and industrial manufacturing scale.

●    Catalyxx
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=3992124554&u=https%3A%2F%2Fwww.catalyxxinc.com%2F&a=Catalyxx)
(Chesterfield, MO) transforms bioethanol into drop-in, cost-competitive,
carbon-negative chemicals.

●    HydGene Renewables
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=3820667530&u=https%3A%2F%2Fwww.hydgene.com%2F&a=HydGene+Renewables)
(Sydney, Australia) produces low-carbon hydrogen and industrial chemicals from
waste biomass using a modular biocatalyst platform designed for distributed
deployment.

●    TreaTech
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=2617213564&u=https%3A%2F%2Ftrea-tech.com%2F&a=TreaTech)
(Lonay, Switzerland) turns waste into renewable gas, water, and minerals
through catalytic hydrothermal gasification.

●    Unifuel
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=397204634&u=https%3A%2F%2Funifuel.tech%2F&a=Unifuel)
(Los Altos, CA) develops a chemical technology for profitable decarbonization
of fuels and chemicals based on a multifunctional catalyst.

 

The Go Make 2026 cohort will participate in a kickoff event on June 9 at The
Ion in Houston, TX. Learn more and register here
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=2655213372&u=https%3A%2F%2Fgreentownlabs.com%2Fevent%2Fcatalyst-x-energy-tech-innovations-with-shell-technip-energies%2F&a=Learn+more+and+register+here)
.

 

These startups will gain access to a structured program to collaborate with
leadership from Shell and Technip Energies, focused on exploring and
developing potential partnerships like pilots and demonstrations.
Specifically, the cohort will have the opportunity to work directly with
members of Shell Catalysts & Technologies' and Technip Energies' technical
catalyst and process engineering teams, including in areas such as technical
validation, scale-up and operational implementation, process design, and
market channel validation. The startups will also benefit from networking and
mentorship opportunities, partnership-focused programming, and marketing
visibility.

 

Shell Catalysts & Technologies brings to the program world-class catalyst
and research and development expertise, with a track record of developing
leading-edge zeolites, catalysts, advanced solvents, and pioneering processes.

 

Technip Energies is a global technology and engineering powerhouse for energy
infrastructure and decarbonization, combining its complementary business
segments-Technology, Products, and Services and Project Delivery-to turn
innovation into scalable, industrial reality.

 

"Catalysis is used in almost all industrial chemical processes; therefore, it
is a critical enabler in building a sustainable chemical industry," said Wei
Cai, Chief Technology Officer of Technip Energies. "Through Go Make 2026, in
collaboration with Shell and Greentown Labs, we are pleased to work with this
cohort of startups developing new catalysts and processes for low-carbon
fuels, CO(2) removal, and alternative chemical manufacturing. By combining
their innovative ideas with our engineering and Shell's catalyst expertise, we
aim to accelerate the development and deployment of sustainable solutions that
drive decarbonization across the industry."

 

In addition to its startup incubators, Greentown runs cohort-based Greentown
Go
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=2984363074&u=https%3A%2F%2Fgreentownlabs.com%2Fgreentown-go%2F&a=Greentown+Go)
programs across five tracks: Go Make
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=680732038&u=https%3A%2F%2Fgreentownlabs.com%2Fgo-make%2F&a=Go+Make)
(manufacturing), Go Move
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=3091948215&u=https%3A%2F%2Fgreentownlabs.com%2Fgo-move%2F&a=Go+Move)
(transportation), Go Energize
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=1757375612&u=https%3A%2F%2Fgreentownlabs.com%2Fgo-energize%2F&a=Go+Energize)
(energy and electricity), Go Build
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=3371657761&u=https%3A%2F%2Fgreentownlabs.com%2Fgo-build%2F&a=Go+Build)
(buildings), and Go Grow
(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4693287-1&h=1966224912&u=https%3A%2F%2Fgreentownlabs.com%2Fgo-grow%2F&a=Go+Grow)
(food and agriculture). These open-innovation programs address industry's most
pressing climate challenges by facilitating partnerships between leading
corporations and climatetech entrepreneurs.

 

"Catalysis underpins the majority of industrial chemical processes, which
together account for a significant share of global emissions, making it a
critical lever for reducing carbon intensity while improving performance,"
said Georgina Campbell Flatter, CEO of Greentown. "Greentown Go Make 2026 is
designed to close the gap between breakthrough innovation and industrial
deployment. By connecting startups with Shell and Technip Energies' technical
expertise and global scale, we're helping accelerate solutions that improve
efficiency and drive industrial decarbonization."

 

About HydGene Renewables

HydGene Renewables is a climate technology company developing modular
biological systems for the production of low-carbon hydrogen and industrial
chemicals from waste biomass.

 

About Agronomics

Agronomics is a leading London-listed company focused on investment
opportunities within the field of clean food. The Company has established a
portfolio of over 20 companies developing technologies that produce food and
materials historically derived from animals, offering solutions for improved
sustainability, human health, and food security.

 

A full list of Agronomics' portfolio companies is available at
www.agronomics.im (http://www.agronomics.im) .

 

For further information, please contact:

 

 Agronomics Limited   Beaumont              Cavendish Capital     Canaccord Genuity     33Seconds

                      Cornish Limited       Markets               Limited               Limited

                                            Limited
 The Company          Nomad                 Joint Broker          Joint Broker          Public Relations
 Jim Mellon           Roland Cornish        Giles Balleny         Andrew Potts          Jack Ferris

 Denham Eke           James Biddle          Michael Johnson       Harry Pardoe          Joel Watson
 +44 (0) 1624 639396  +44 (0) 207 628 3396  +44 (0) 207 397 8900  +44 (0) 207 523 8000  agronomics@33seconds.co

 info@agronomics.im

 

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