ADEME awarding €3.1M to Global Bioenergies and IBN-One plant project
03 October 2019
Global Bioenergies will soon be receiving €2.6 million and IBN-One €0.5 million in the form of repayable advances, following last July’s achievement of a technical and financial milestone in the ISOPROD project funded by the French Environment and Energy Management Agency (ADEME), which involves Global Bioenergies, Cristal Union and L’Oréal around the IBN-One first plant project. (Earlier post.)
Financing a first of its kind plant, based on an innovative technology is always a challenge. Progress in engineering and forecasted prices for our products now higher than initially anticipated are fueling our optimism regarding the plant’s financing within the new schedule.
—Marc Delcourt, CEO of Global Bioenergies
Global Bioenergies has developed a conversion process based on fermentation for renewable resources (residual sugars, agricultural and forestry waste) into isobutene, one of the petrochemical building blocks that can be converted into ingredients for cosmetics, gasoline, kerosene, LPG and plastics.
Global Bioenergies and Cristal Union created the joint venture IBN-One. IBN-One was granted a license on Global Bioenergies’ process and its purpose is to finance, build and operate the first renewable isobutene plant in France.
Letters of Intent representing more than 50,000 tonnes of products from IBN-One have been received from large industrial actors from various sectors: cosmetics, specialty fuels, aviation fuels and automotive fuels among others.
Anchored on high value add markets, this first plant would be highly profitable. In its nominal scenario, this one plant would enable Global Bioenergies to reach profitability via a mixed flow of licensing fees and dividends.
Global Bioenergies continues to improve the performance of its process, conducts trials on its demo plant in Germany and is preparing the first full-sized plant in its JV with Cristal Union.
Fermentation processes lose carbon as CO2. What's the yield here?
Posted by: Engineer-Poet | 03 October 2019 at 07:15 AM
Bio CO2 is sold to beverage companies.
Posted by: SJC | 03 October 2019 at 06:05 PM
Even a legion of you and your brain-farts couldn't drink enough soda water to use that much CO2.
Turn 1/3 of your carbon into CO2 and you need 50% more biomass to make product. You fail math again.
Posted by: Engineer-Poet | 03 October 2019 at 06:30 PM
Quit insulting, you mentally deranged moron.
Posted by: SJC | 03 October 2019 at 09:24 PM
Stop the trite irrelevant statements and I'll stop calling them out, you mental midget.
Posted by: Engineer-Poet | 04 October 2019 at 06:03 AM
SAEP is at it again? His indifference to others may some form of autism?
Posted by: HarveyD | 05 October 2019 at 06:43 PM
Indifference to truth is straight-out lying. Truth doesn't care who you are or what you think. It is what it is.
Posted by: Engineer-Poet | 05 October 2019 at 07:44 PM
Indifference to truth as long as it is not his own is very common among people with certain form of autism. Unregulated very high cost nuclear may not be the best answer to lower cost clean future energy.
A mix of Hydro-Wind-Solar-Nuclear-V2G-Smart homes-Grid could produce all the clean energy required?
Posted by: HarveyD | 06 October 2019 at 08:08 AM