GLOBAL BIOENERGIES greets the French parliament's proposal aiming to promote a French bio-jet fuel industry
March 13 2019 - 12:37PM
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 BIOENERGIESBernard Chaud Director of
Industrial Strategy Tel: +33 1 64 98 20 50
invest@global-bioenergies.com
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