Global Bioenergies: 2.2 million euros paid to Global Bioenergies after the first term of the OPTISOCHEM European project
April 09 2019 - 11:36AM
2.2
million euros paid to Global Bioenergies after the first term of
the OPTISOCHEM European project
Evry
(France), 9 April 2019 - Global Bioenergies
(Euronext Growth: ALGBE) has announced having
received a payment of €2.2 million for the OPTISOCHEM project
supported by the Bio-Based Industries Joint Undertaking (BBI-JU)
the public-private sector partnership between the European Union
and the Bio-Based Industries Consortium (BIC) under the European
Horizon 2020 programme.
Global Bioenergies has successfully converted
sugars from wheat straw into bio-isobutene at demo plant scale:
Clariant, a partner on the supply side of the consortium, has used
its Sunliquid® technology to produce sugar-rich hydrolysates from
wheat straw, which were then converted into isobutene in Global
Bioenergies’ demo plant located in Leuna, Germany. This isobutene
is then itself dedicated to be converted by chemistry specialist
INEOS, also a member of the OPTISOCHEM project, into polymers and
oligomers that can be used in any number of high-performance
applications, particularly in cosmetics.
On the 26th of February, members of the
OPTISOCHEM project presented activities from the first term of the
project to independent experts appointed by the BBI-JU. Further to
the internal validation procedure set up by the BBI-JU, the
consortium has just received the sum of €3.3 million, of which €2.2
million for Global Bioenergies.
Bernard Chaud, Head of Industrial Strategy at
Global Bioenergies, said: "Concurrently with our work on
traditional sugar sources (sucrose or glucose from sugar beet,
sugar cane or starch), we have successfully adapted our bio-sourced
isobutene production process to the use of so-called “advanced”
sources of sugar both economically attractive and presenting a
positive environmental profile. In this OPTISOCHEM project, for
instance, the sugar comes from straw. In two other projects
(REWOFUEL and SWEETWOODS) we are adapting our micro-organisms to
sugars from soft and hard woods. These advanced sugars are mostly
composed of glucose but they also contain variable proportions of
secondary sugars (xylose, mannose and arabinose in particular)
along with impurities that are known to inhibit the fermentation
process. Adaptation work consists in "teaching" our
isobutene-producing micro-organisms to convert all sugars whilst
dealing with impurities."
Marc Delcourt, CEO of Global Bioenergies,
concluded: "Derivatives of isobutene are playing an increasingly
significant role in the field of cosmetics, which is improving its
index of naturalness year after year. Bio-isobutene will help the
cosmetics industry to further increase the naturalness of its
products by providing access to bio-sourced products featuring key
functionalities. Additionally, isobutene derivatives have the
potential to play a major role in the transition towards more
environmentally friendly road and air travel."
Warning: This press release is the sole
responsibility of its author and BBI-JU accepts no liability for
the use of the information contained herein.
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).
Stay informed! Subscribe to our newsfeed
on www.global-bioenergies.com
Follow us on Twitter:
@GlobalBioenergi
Contact
GLOBAL BIOENERGIESBernard Chaud
Director of Industrial Strategy Tel: +33 1 64 98 20 50
invest@global-bioenergies.com
- 2.2 million euros paid to Global Bioenergies after the first
term of the OPTISOCHEM European project
Global Bioenergies (EU:ALGBE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Global Bioenergies (EU:ALGBE)
Historical Stock Chart
From Apr 2023 to Apr 2024