Global Bioenergies finalizes acquisition of Syngip
- Since inception in 2008, Global Bioenergies has been developing a process to convert first-generation sugars (sugar beet and sugar cane molasses, cereals, etc.) into isobutene. This molecule is associated to a vast market in fuels and in materials (plastics, rubber and cosmetics…). The process has matured to the demo plant stage (100t annual nominal capacity).
- Second-generation resources (sugars from straw or wood chips) were also selected for the process as they cost less and have an even smaller environmental footprint. The conversion of these second-generation resources has been successful in the lab, before progressing to pilot scale.
- Access to third-generation resources has been part of Global Bioenergies’ strategy since 2011 and completes the Company’s strategy of feedstock diversification. It will enable a dramatic reduction of the production cost for renewable isobutene and will improve the environmental footprint of the process even further.
- Our demo plant currently operates with first-generation sugars, and we are pursuing our aim of building the first full-scale plant in France using these resources together with Cristal Union.
- In light of recent successes with second-generation feedstocks (biomass from agricultural and forestry waste), we work at putting in place a major project in this area with several large industrial groups.
- The Syngip acquisition will take our development efforts based on third-generation resources to the next level. We are currently at an early stage of development, but a process using these resources will benefit from the lowest operating costs and the best environmental benefits.”