Agronomics portfolio company HydGene Update

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, the world's largest climatetech and energy incubator, today announced the startup cohort for Greentown Go Make 2026-an open-innovation program with Shell Catalysts & Technologies (Shell) and Technip Energies. Go Make 2026 focuses on process technology and catalytic innovations for low-carbon fuels, low-carbon gases, CO₂ removal, and alternative chemical manufacturing.

Catalysts are a critical enabler of the global energy transition. Nearly 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 (Houston, TX) makes scalable biochemicals from ethanol that match petrochemical cost, performance, and industrial manufacturing scale.

●    Catalyxx (Chesterfield, MO) transforms bioethanol into drop-in, cost-competitive, carbon-negative chemicals.

●    HydGene Renewables (Sydney, Australia) produces low-carbon hydrogen and industrial chemicals from waste biomass using a modular biocatalyst platform designed for distributed deployment.

●    TreaTech (Lonay, Switzerland) turns waste into renewable gas, water, and minerals through catalytic hydrothermal gasification.

●    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.

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, CO₂ 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 programs across five tracks: Go Make (manufacturing), Go Move (transportation), Go Energize (energy and electricity), Go Build (buildings), and 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.

For further information, please contact:

Agronomics Limited	Beaumont Cornish Limited	Cavendish Capital Markets Limited	Canaccord Genuity Limited	33Seconds Limited
The Company	Nomad	Joint Broker	Joint Broker	Public Relations
Jim Mellon Denham Eke	Roland Cornish James Biddle	Giles Balleny Michael Johnson	Andrew Potts Harry Pardoe	Jack Ferris Joel Watson
[phone] [e-mail]	[phone]	[phone]	[phone]	[e-mail]

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