GLOBAL BIOENERGIES: IBN-One awards front-end engineering design to Technip and IPSB for the first plant converting renewable resources into isobutene
(Thomson Reuters ONE) -
Press release
30 August 2016
Global Bioenergies: IBN-One awards front-end engineering design to Technip and
IPSB for the first plant converting renewable resources into isobutene
IBN-One, a subsidiary of Global Bioenergies and Cristal Union, today announced
it has awarded the first engineering contract for its bio-isobutene plant to
Technip and IPSB.
Following a consultation process by IBN-One in spring 2016, the initial
engineering work contract has been awarded to a consortium that includes
Technip, a global leader in engineering for the energy, petrochemical and
chemical industries, and IPSB, an engineering firm specialising in sugar and
biotechnologies. This first front-end engineering design (FEED) phase will run
for 12 months and precedes the detailed engineering studies for the plant's
construction.
Alain François, Managing Director of Technip Lyon with responsibility for bio-
sourced industries, said: "We are delighted to have been selected with IPSB by
IBN-One to manage the project and conduct the studies for the downstream part of
the process, namely the purification of bio-isobutene. Global Bioenergies' bio-
isobutene production technology is a breakthrough innovation. This project
demonstrates the industrial potential of bio-sourced chemicals, for which
Technip's experience in complex project engineering provides added value."
Franck Launay, Chairman of IPSB, added: "We will be responsible for the
engineering of the plant's upstream segment, dedicated to the intake of the raw
material from the neighboring sugar mill and its conversion into bio-isobutene
by a process of fermentation. We are proud to be part of this project and to
contribute to establishing a bridge between renewable resources and major
petrochemical markets."
Bernard Chaud, Chairman and CEO of IBN-One and Director of Industrial Strategy
of Global Bioenergies concluded: "IBN-One is the project owner of the first
plant to use Global Bioenergies' isobutene technology. During this phase,
engineers will specify the design of the equipment and the connections between
the plant's different subunits, as well as its integration at a Cristal Union
sugar beet site. Leaders in their respective fields, Technip and IPSB provide
two key and complementary areas of expertise to advance the project."
The contracts for the second phase, comprising the detailed engineering studies,
will be awarded at a later date. Construction is then expected to commence early
in 2018.
About GLOBAL BIOENERGIES
Global Bioenergies is one of the few companies worldwide, and the only one in
Europe, that is developing a process to convert renewable resources into
hydrocarbons through fermentation. The Company initially focused its efforts on
the production of isobutene, one of the most important petrochemical building
blocks that can be converted into fuels, plastics, organic glass and elastomers.
Global Bioenergies continues to improve the performances of its process,
operates its industrial pilot, has begun the construction of its demo plant in
Germany, and prepares the first full-scale plant through a Joint-Venture with
Cristal Union, named IBN-One. The company also replicated its achievement to
propylene and butadiene, two members of the gaseous olefins family, key
molecules at the heart of petrochemical industry. Global Bioenergies is listed
on Alternext, Euronext Paris (FR0011052257 - ALGBE).
Should you like to be kept informed, subscribe to our news feed on
www.global-bioenergies.com
About IBN-One
IBN-One was created in 2015 as a 50/50 joint venture between Global Bioenergies
and Cristal Union.
IBN-One's mission is to engineer, build and profitably operate the first
commercial plant for the production of bio-isobutene on one of Cristal Union's
sites in France.
For more information, go to www.global-bioenergies.com
About Technip
Technip is a world leader in project management, engineering and construction
for the energy industry.
From the deepest subsea oil & gas developments to the largest and most complex
offshore and onshore infrastructures, our 32,500 employees are constantly
offering the best solutions and most innovative technologies to meet the world's
energy challenges.
Present in 45 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialised vessels for pipeline installation
and subsea construction.
Technip shares are listed on the Euronext Paris exchange and over-the-counter in
the US as an American Depositary Receipt (OTCQX: TKPPY).
For more information, go to www.technip.com
About IPSB
Historically present in the process engineering markets for sugar production
from a range of agricultural resources (sugar beet, grain, etc.), IPSB has
developed unique expertise in industrial biotechnologies in the past ten years.
This know-how positions it as a key player in the construction of demo plants
and industrial plants based on bio-processes. IPSB works closely with its
customers, start-ups or larger industrial partners in search of new markets for
their products, and to develop the bio-economy in France and internationally. In
France, it focuses on the "Grand Est" region (in the north-east of the country),
the location for what will be the first bio-sourced isobutene production plant.
For more information, go to www.ipsb.fr
Contact
GLOBAL BIOENERGIES
Bernard CHAUD
Director of Industrial Strategy
Phone: +33 (0)1 64 98 20 50
Email: invest(at)global-bioenergies.com
IBN-One
Bernard CHAUD
Chairman and CEO
Phone: +33 (0)1 64 98 20 50
Email: bernard.chaud(at)ibn-one.com
Technip
Floriane LASSALLE MASSIP
Head of Communication, Region EMIA
Phone: +33 (0)47 78 32 79
Email: flassallemassip(at)technip.com
IPSB
Franck LAUNAY
Chairman
Phone: +33 (0)47 78 32 79
Email: franck.launay(at)ipsb.fr
PRESS RELEASE:
http://hugin.info/166909/R/2038336/759647.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GLOBAL BIOENERGIES via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 30.08.2016 - 17:35 Uhr
Sprache: Deutsch
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