EVRY, France & MUNICH, Germany--(BUSINESS WIRE)--Regulatory News:
Global Bioenergies (Paris:ALGBE) announces that the design of its second industrial pilot will be carried out by the Engineering Division of The Linde Group, a world-leading gases and engineering company.
Global Bioenergies, a NYSE Alternext Paris listed company (ALGBE), is a pioneer in the development of processes to convert renewable resources into light olefins, the key building blocks of the petrochemical industry. Its most advanced program is focused on the production of isobutene, a molecule with a multi-billion US Dollar market that cannot be accessed through the cheap C2 fraction of shale gas and natural gas. The company recently announced the choice of the Leuna refinery site for its second industrial pilot, for which the German ministry of research committed a €5.7m grant. Global Bioenergies recently strengthened its deployment in Germany by setting-up a subsidiary in Leipzig and signing a partnership on renewable gasoline with Audi.
Today, Global Bioenergies is glad to announce that Linde will carry out the design of this industrial pilot. Linde is a world leader in the field of industrial gases with more than 100 years of experience in engineering facilities using or producing industrial gases.
Markus Wolperdinger, Vice President Biotechnology Plants at Linde's Engineering Division, declares: “We regard isobutene as a very attractive gaseous molecule for a wide range of applications in chemical and industrial products. We are delighted to be chosen as Engineering Company for Global Bioenergies' second pilot plant. For the chemical site of Leuna, this project means a further strengthening of its outstanding position as a center for the commercialization of innovative biotechnological processes”
Richard Bockrath, Vice President Chemical Engineering at Global Bioenergies, adds: “Several large and recognized industrialists now constitute our sphere of collaborators: Cristal Union, Synthos, Audi, Arkema, and now Linde, a great leader in industrial gases. I expect that accessing Linde’s immense technology expertise will be a key factor of success in bringing our process to the market.”
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 yield
of its process and is actively entering the industrial pilot testing
phase. The company recently replicated this success to propylene and
butadiene and is also looking to continue with other members of the
gaseous olefins family, key molecules at the heart of petrochemical
industry.
Global Bioenergies is listed on NYSE Alternext Paris
(FR0011052257 – ALGBE).
About The Linde Group
The Linde Group is a world leading
gases and engineering company with around 63,000 employees in more than
100 countries worldwide. In the 2012 financial year, Linde generated
revenue of EUR 15.280 bn. The strategy of the Group is geared towards
long-term profitable growth and focuses on the expansion of its
international business with forward-looking products and services. Linde
acts responsibly towards its shareholders, business partners, employees,
society and the environment – in every one of its business areas,
regions and locations across the globe. Linde is committed to
technologies and products that unite the goals of customer value and
sustainable development. Linde Engineering is a leading technology
partner for plant engineering and construction worldwide. Linde
Engineering's global success is built on extensive process engineering
expertise in the planning, project development and construction of
turnkey industrial plants. For more information, see The Linde Group
online at www.linde.com
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