Global Bioenergies receives French stock market prize

ERJ staff report (TP)

Evry, France − Global Bioenergies, the bio-sourced monomer company, was awarded the EnterNext Prize for the most successful financial operation of the year at the third annual French stock market conference in Paris on 4 December.

The jury rewarded Global Bioenergies for its successful capital increase of €23m closed mid-July 2013. The operation was oversubscribed and brought together numerous private investors and over forty international institutional investors (from France, several European countries and the USA).

The operation’s proceeds will primarily be used to finance the industrialisation of the isobutene bio-production process. Full-scale exploitation of this process is expected as early as 2017 and will allow the production of gasoline, jet-fuel, diesel, plastics and elastomers from renewable resources. The processes developed by Global Bioenergies have the ability to convert plant-derived resources into hydrocarbons, a group of compounds that are currently derived exclusively from fossil oil.

Marc Delcourt, CEO of Global Bioenergies, said: “We now have all the resources to bring this process to industrial maturity thanks to the success of the capital increase and the support of the French and German governments”.

Global Bioenergies was founded in October 2008 and is currently developing a process to convert renewable resources into hydrocarbons through fermentation.

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Press release from Global Bioenergies