GLOBAL BIOENERGIES: €3.1 million from ADEME to move forward on the IBN-One plant project
02 Octobre 2019 - 05:36PM
GLOBAL BIOENERGIES: €3.1 million from ADEME to move forward on the
IBN-One plant project
Global
Bioenergies: €3.1 million from ADEME to move forward on the IBN-One
plant project
Evry
(France), 2 October 2019
Global Bioenergies will soon be receiving €2.6
million and IBN-One €0.5 million in the form of repayable advances,
following last July's achievement of a technical and financial
milestone in the ISOPROD project funded by the French Environment
and Energy Management Agency (ADEME), which involves Global
Bioenergies, Cristal Union and L'Oréal around the IBN-One first
plant project.
Bernard Chaud, Chairman and CEO of IBN-One,
stated, "We are progressing in the engineering studies and are also
working at precisely defining the market opportunities for our
renewable isobutene. We have been witnessing a growing demand in
the field of cosmetics for natural ingredients. The plant's
business plan is now focused on this field, and displays a very
high profitability. We are actively working on getting the plant
financed by the summer of 2020."
Marc Delcourt, CEO of Global Bioenergies,
concluded: "Financing a first of its kind plant, based on an
innovative technology is always a challenge. Progress in
engineering and forecasted prices for our products now higher than
initially anticipated are fuelling our optimism regarding the
plant's financing within the new schedule."
About GLOBAL BIOENERGIES
Global Bioenergies is the only company in the
world to have developed a conversion process for renewable
resources (residual sugars, agricultural and forestry waste) into
isobutene, one of the petrochemical building blocks that can be
converted into ingredients for cosmetics, petrol, kerosene, LPG and
plastics. Global Bioenergies continues to improve the performance
of its process, conducts trials on its demo plant in Germany and is
preparing the first full-sized plant in a Joint‐Venture with
Cristal Union. Global Bioenergies is listed on Euronext Growth in
Paris (FR0011052257 – ALGBE).
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Contact
GLOBAL BIOENERGIESMuriel
GoumandExecutive AssistantPhone: 01 64 98 20 50
invest@global-bioenergies.com
- GLOBAL BIOENERGIE: €3.1 million from ADEME to move forward on
the IBN-One plant project
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