Global Bioenergies finalized the acquisition of Syngip B.V. at the close of its extraordinary shareholders’ meeting last Thursday. Established in the Netherlands since 2014, Syngip develops a process to convert gaseous carbon sources into light olefins. Its process is based on a proprietary micro-organism capable of metabolising carbon dioxide (CO2) and carbon monoxide (CO) found in a wide range of low-cost and abundant streams, such as the industrial waste emissions of steel mills.
Syngip’s technology is now mature enough to allow the implementation of metabolic pathways leading to light olefins, and in a first instance to isobutene. Now part of the Global Bioenergies group, the entire Syngip team will be assigned to developing the third-generation Isobutene process.
Frédéric Pâques, Chief Operations Officer of Global Bioenergies said “There are obvious synergies between these technologies. The collaboration between Syngip’s teams, focused on metabolizing industrial gases, and the teams at Global Bioenergies engaged since the early days in the production of fermentative isobutene will be most natural.”
This process would be competitive starting at an oil price of $45 per barrel. Taking tax incentives associated to renewable fuels into account, the break-even point should occur at even lower oil prices. Moreover, greenhouse gas savings should top 80%, compared to the current petrochemical industry.
Bernard Chaud, Director of Industrial Strategy at Global Bioenergies, added “By developing this third-generation isobutene process, Global Bioenergies will be positioned to form partnerships with industrialists from several domains, where companies are actively seeking better solutions to value and take care of their effluents.”
“Our strategy to diversify the feedstocks usable in our process – Marc Delcourt, CEO of Global Bioenergies, explained – is now well in place: Our demo plant currently operates with first-generation sugars, and we are pursuing our aim of building the first full-scale plant in France using these resources together with Cristal Union. In light of recent successes with second-generation feedstocks (biomass from agricultural and forestry waste), we work at putting in place a major project in this area with several large industrial groups. The Syngip acquisition will take our development efforts based on third-generation resources to the next level. We are currently at an early stage of development, but a process using these resources will benefit from the lowest operating costs and the best environmental benefits.”