Global Bioenergies continues to bring its demo plant into operation successfully and lays out its strategy for using renewable resources
(Thomson Reuters ONE) -
Global Bioenergies continues to bring its demo plant into operation successfully
and lays out its strategy for using renewable resources
Evry (France), 15 December 2016
Global Bioenergies is now entering the final phase of demonstrating its
technology for converting renewable carbon into hydrocarbons. The first trials
on the demo plant in Leuna were successfully completed, within schedule, in the
fall of 2016 and Global Bioenergies today announces that a first production of
green isobutene was observed.
The demo plant will be ramped up in the first half of 2017, with the goal of
reaching performances close to commercial levels by the end of the year. The
delivery of the first tons to Global Bioenergies' numerous industrial partners
will enable the validation of downstream processes for the conversion of this
green isobutene in a range of industries, including cosmetics, rubber and fuels,
the goal being to continue discussions on commercial exploitation in tens of
thousands of tons of product.
While Global Bioenergies continues with the demonstration phase of the
technology, it will now amplify its strategy aimed at diversifying the resources
compatible with its isobutene fermentation process. The process currently uses
first-generation sugar as feedstock, an approach facilitated by the existence of
the well-established sugar beet, sugar cane and corn processing industries. We
will now expand our focus to other second- and third-generation carbon
feedstocks, which are associated with even higher reductions in greenhouse gas
emissions. Second generation feedstock consists of agricultural residues (wood,
straw, miscanthus, etc.), while third generation feedstock is based on the use
of gaseous carbon (CO(2), syngas, etc.) directly.
The successful production of isobutene from second-generation carbon resources
has already demonstrated the adaptability of the company's gaseous fermentation
technology. These tests were based on wheat straw extracts supplied by Clariant.
Global Bioenergies has also been selected by a consortium led by large Swedish
industrialists, Preem and Sveaskog, to study the potential for converting
forestry waste into renewable fuel. Global Bioenergies will intensify its
efforts to maximize the use of currently un-valorized or under-valorized waste
streams in an environmental and economic objective.
Third-generation feedstock is also a priority for Global Bioenergies' research
and development because it has the highest environmental potential and also
because of the low cost of the carbon sources considered. The principle of
gaseous fermentation promoted by the company will also apply here, allowing a
continuous, more efficient and more cost-effective production.
Global Bioenergies expects that the exploitation of the process based on first-
generation feedstock will be facilitated by the gradual recovery in oil prices
and a softening in sugar prices (as the quota system comes to an end in Europe
and sugar consumption is reduced in the United States). By broadening the
technology's potential even further, Global Bioenergies is setting ambitious
economic and environmental targets, based on the use of carbon from a variety of
sources and lower costs. In the future, the billions of tons of excess carbon
produced every year must either be sequestered or exploited commercially. Global
Bioenergies is pledging to make a difference by leveraging its technology to
help meet this global challenge.
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, is completing 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
Follow us on Twitter: (at)GlobalBioenergi
Contact
GLOBAL BIOENERGIES
Frédéric PÂQUES
Chief Operations Officer
Phone: +33 (0)1 64 98 20 50
Email: invest(at)global-bioenergies.com
PRESS RELEASE:
http://hugin.info/166909/R/2065820/775505.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: 15.12.2016 - 17:36 Uhr
Sprache: Deutsch
News-ID 513259
Anzahl Zeichen: 5989
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Town:
Evry
Kategorie:
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