Global Bioenergies raises its ambitions
27 Juillet 2023 - 5:45PM
Global Bioenergies raises its ambitions
PRESS RELEASE
Global Bioenergies raises its
ambitions
Increased plant
sizing to
reach larger volumes and more
competitive prices
Production aimed at the cosmetics market,
then sustainable aviation fuels
Preparation of model replicability for
international deployment
Evry,
27 July 2023 –
05:45 p.m.:
Global Bioenergies (FR0011052257 – ALGBE), a specialist in
the conversion of plant-derived resources into
chemical compounds used
in many cutting-edge fields such as cosmetics and
energy, has raised its industrial
ambitions and decided to adjust its roadmap to focus as of now on a
plant project with greater production capacity than the ViaViridia
plant in order to meet the expectations of its industrial,
commercial and financial partners. This plant, designed to produce
10,000 tonnes of isobutene and derivatives per year (compared to
2,000 tonnes in the previous project), will target the cosmetics
market, followed by the sustainable aviation fuel market, for which
Global Bioenergies has just obtained ASTM certification.
Marc Delcourt, co-founder and CEO of Global
Bioenergies, said: “We have delivered our first orders and our
first-half revenue totalled €2.4 million. Guided by the current
trend of a ramp-up in renewables, along with strong markets
traction on the topic and technical progress regarding our direct
path process, we are changing our roadmap. The commercial
activities of the Pomacle unit, while generating sales but with a
low associated margin, are no longer a priority. We are now
focusing all our efforts on building this larger plant, scheduled
to come on stream at the end of 2027. At the same time, we are
already starting to deploy our technology in other regions and
using other feedstocks alongside international industrial
groups.”
For L’Oréal, Global Bioenergies’ biggest
shareholder via its BOLD (Business Opportunities for L’Oréal
Development) investment fund, the plan for a large-capacity plant
resonates with the environmental challenges and commitments taken
as part of its L’Oréal for the Future programme. Ana Kljuic, Vice
President R&I L’Oréal for the Future & Green Sciences,
added: “Our commitment for 2030 is for 95% of the ingredients used
in our formulas to be bio-sourced, derived from abundant minerals
or from circular processes. This new ambition for Global
Bioenergies will make bio-sourced isobutene derivatives accessible
at competitive prices to cosmetics markets and, beyond that, will
enable everyone to play an active part in the environmental
transition.”
Global Bioenergies will release design and
construction schedules by the end of 2023.
About GLOBAL BIOENERGIES
Thanks to its unique process, Global Bioenergies
offers a renewable alternative to oil-based derivatives by
producing chemical compounds from plant residues for use in many
cutting-edge fields such as cosmetics and energy. These drop-in
compounds have the same properties as oil-based products while
improving carbon footprint and naturalness. Global Bioenergies’
sustainable aviation fuel technology is one of the very few
ASTM-certified technologies that can be used in any commercial
aircraft worldwide. The Company’s vision is to reduce CO2 emissions
in the aviation sector and thereby curb global warming. Global
Bioenergies is listed on Euronext Growth Paris (FR0011052257 –
ALGBE).
Contacts
GLOBAL BIOENERGIES+33 (0)1 64 98 20
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Investor relationsLouis-Victor
DelouvrierQuentin Masséglobalbioenergies@newcap.eu+33 (0)1 44 71 94
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- Global Bioenergies raises its ambitions
Global Bioenergies (EU:ALGBE)
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