EVRY, France & AMES, Iowa--(BUSINESS WIRE)--Regulatory News:
Global Bioenergies (Paris:ALGBE), an industrial biology company developing sustainable routes to light olefins, announced today that it has opened a branch facility in Ames, Iowa.
Global Bioenergies announced today that it has expanded its global business operations into the US, opening a branch facility in Ames, Iowa. The new operation will focus on Global Bioenergies’ program for bioconversion of renewable resources into isobutene and other light olefins. Dr. David GOGERTY, a specialist in industrial biology, will head the new US branch.
David GOGERTY says: “I am excited that a publicly traded global company has recognized the value of the Iowa Corn Belt in its drive to produce biofuels and other valuable hydrocarbons from renewable resources.”
Marc DELCOURT, CEO of Global Bioenergies, adds: “We have known from the start that our unique processes would require a global company. We are delighted to add a US branch to the German branch we opened in 2010. The Iowa operation will advance our projects and those of our customers and partners in the US, France, Germany, Poland and, most recently, New Zealand.”
A propos de 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 yield of its process and prepares the phase dedicated to pilot testing. The company is also looking to replicate this success with other members of the gaseous olefins family (propylene, ethylene, linear butylenes, butadiene…), key molecules at the heart of petrochemical industry. Global Bioenergies is listed on NYSE Alternext Paris (FR0011052257 – ALGBE) and is included in the NYSE Alternext Oseo Innovation Indice.
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