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GLOBAL BIOENERGIES: Global Bioenergies continues to bring its demo plant into operation successfully and lays out its strategy for using renewable resources

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 (CO2, 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.


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).

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Frédéric PÂQUES
Chief Operations Officer
Phone: +33 (0)1 64 98 20 50

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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

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