After several months of efforts, the Company has been unable to find investors for its 2,500-ton plant dedicated to the cosmetics market, in a highly unfavorable context for the financing of first-of-a-kind projects. The Company is now devoting all its energy to applying its technology to the production of Sustainable Aviation Fuel (“SAF”), with a model of industrial partnerships.
After successfully passing a selection process led by a panel of experts, Global Bioenergies joins the Groupement des Industries Françaises Aéronautiques et Spatiales (GIFAS), and in particular the StartAir club dedicated to start-ups. The aim of this club is to accelerate collaboration between start-ups and companies in the French aerospace industry.
Global Bioenergies has successfully completed the basic engineering phase of its plant project dedicated to the cosmetics markets whose commissioning is scheduled for mid-2027. The engineering work carried out as part of the basic engineering has precisely defined the each of the units that will enable the fully integrated production of cosmetic-grade isobutene derivatives. It also confirms the project schedule and the nominal CAPEX of 65 million euros (i.e. a maximum CAPEX of 80 million euros taking into account contingencies).
Global Bioenergies, France-headquartered company which is a key player in industrial biotechnology, signed a new development contract with Shell Global Solutions (Deutschland) GmbH to further develop low carbon road fuels. While the previous phases of the collaboration, starting at the end of 2022, were dedicated to exploring different potential options based on proprietary Global Bioenergies’ technology, the aim now is to focus on one specific route.
Global Bioenergies, a France-headquartered 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.
Global Bioenergies’ process becomes one of the very few Sustainable Aviation Fuel (SAF) technologies in the world certified by ASTM International. Global Bioenergies’ fuel can now be blended up to 50% with fossil kerosene in existing airplanes, the French company claims.
Shell made its first order to Global Bioenergies, to provide volumes of bio-isobutene derivatives for performance assessment. The oil giant plans to explore the possibility of replacing current hydrocarbon-based isobutene and its derivatives with their equivalents from renewable resources, while maintaining the same level of performance.
French company Global Bioenergies has developed a process for converting plant resources into isobutene, one of the main building blocks of chemistry, whose derivatives are used in cosmetics, fine chemicals, commodities and fuels. A production unit is currently under construction in Pomacle to serve high value-added markets.
French biotech company Global Bioenergies announced the upcoming launch of its “LAST®” longwear cosmetics brand in June 2021. Eighteen products will comprise the world’s first range of longwear, transfer-resistant and waterproof eye make-up to use natural ingredients. This groundbreaking performance is based on the renewable isododecane produced by the Company as the main ingredient of its formulations. Products have been designed with over 90% natural ingredients and packaging to minimise their environmental footprint.
French biotech company Global Bioenergies and German cars manufacturer Audi signed a new agreement focused on the implementation of residue usage, preparation of a path to commercialization and engine testing of new blends. Following the completion of a first series of engine testing and significant progresses of the isobutene bioproduction process, the two companies have agreed to start a new program.
IL BIOECONOMISTA 