GLOBAL BIOENERGIES greets the French parliament's proposal aiming to promote a French bio-jet fuel industry
March 13 2019 - 12:36PM
Global Bioenergies
greets the French parliament's proposal aiming to promote a French
bio-jet fuel industry
Evry (France), 13
March 2019 - Global Bioenergies (Euronext
Growth: ALGBE) greets the proposal made by
France's parliament to establish a public support programme to
promote the emerging French bio-jet fuel producing channels. The
draft Mobility Orientation Law includes ambitious measures for the
sustainable development of different forms of mobility: road, rail,
maritime and river, for example. Air transport should also be
included in the law: substantial fossil energy savings
could be made in this booming industry.
Members of Parliament have begun
to review the draft Mobility Orientation Law. Several senators
wanted air transport to be addressed in the text. Among the various
options that have emerged to create a more environmentally friendly
air transport, biofuels are now considered as a central
solution.
The government has already
launched a French roadmap for bio-jet fuel, and at the closing of
the "National Conference on air transportation", the Minister gave
the prospect of 2% bio-jet fuel in air transportation by 2025. The
implementation of an on-demand support mechanism to ensure that a
durable market emerges is mentioned as a prerequisite for this
development. We are therefore calling on the government to specify
the practical procedures tied to this support in order to instil
the confidence of all the economic actors.
Bernard Chaud, Director of
Industrial Strategy at Global Bioenergies, said: "Our innovative solution is in sync with the principles of
the circular economy. Production plants in rural areas would make
it possible to directly supply multiple nearby airports, create
hundreds of jobs, guarantee additional outlets for agricultural
industries residues and for lignocellulosic biomass residues, and,
in that way, revitalise part of the country.
There are many challenges, and the economic actors
need to feel confident if they are to continue investing in and
building these plants; we are eager to learn the practical details
of the public support for the promotion of this industry."
Marc Delcourt, CEO of Global
Bioenergies, said: "France is well positioned in
this slot. Last year, Norway instituted the first bio-kerosene
mandate in the world. This topic is also under discussion in Sweden
and Spain. In the near future, all of Europe will be shifting to
using bio-kerosene in civil aviation."
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
BIOENERGIES
Bernard Chaud
Director of Industrial Strategy
Tel: +33 1 64 98 20 50
invest@global-bioenergies.com
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Source: GLOBAL BIOENERGIES via Globenewswire
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