GLOBAL BIOENERGIES partners with AUDI on drop-in biofuel
Audi is a frontrunner at implementing sustainable solutions for all aspects directly linked to its products. Three parameters are key to Audi in pushing forward the development of new biofuels: the quality of the fuel to ensure optimal compatibility with its engines, the environmental footprint in particular regarding CO2 emissions and the requirement to use feedstock not in competition with eatable resources.
Thomas Buhl, Head of Business Developmentat Global Bioenergies comments: “We had recently announced the start of our pre-commercial pilot phase at the Fraunhofer CBP in Leuna allowing obtaining high-purity isobutene which can be used for different applications. One crucial point of our collaboration with Audi will consist in supplying them with isooctane derived from our isobutene to be produced at that pilot. Furthermore, the collaboration with Audi will enable us to emphasize even more the usage of sustainable feedstock.“
During the two-year collaboration, this agreement also foresees the possibility for Audi to acquire shares of Global Bioenergies corresponding to less than 2% of its capital.
About GLOBAL BIOENERGIESGlobal 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).
Source: Global Bioenergies