17.01.2024 17:45:07 - dpa-AFX: GNW-Adhoc: Global Bioenergies announces the start of a new phase in its collaboration with Shell to develop low-carbon road fuels
PRESS RELEASE
Global Bioenergies announces the start of a new phase in its collaboration with
Shell to develop low-carbon road fuels
Evry, 17 January 2024 - 05:45 p.m.: Global Bioenergies (FR0011052257 - ALGBE), a
key player in industrial biotechnology, announces that the company has signed a
new development contract with Shell Global Solutions (Deutschland) GmbH
("Shell") to further develop low carbon road fuels. While the previous phases of
the collaboration, starting at the end of 2022, were dedicated to exploring
different potential options based on proprietary Global Bioenergies' technology,
the aim now is to focus on one specific route.
Marc Delcourt, co-founder and CEO of Global Bioenergies, said: "This work paves
the way for a potential commercial exploitation of Global Bioenergies' process
for this specific application".
Matthias Mundt, General Manager Fuels Tech Future Mobility Portfolio at Shell,
added: "The solution developed by Global Bioenergies is unique, and we are
looking forward to carrying on our collaboration. By combining the experience of
Shell with the innovation of a start-up, we are looking to enable solutions to
offer our customers more lower-carbon products. These technologies can be a part
of the mosaic of sustainable components to support the energy transition."
About GLOBAL BIOENERGIES
Global Bioenergies substitutes products of fossil origin with products of
natural origin. In their quest for naturalness without compromising on
performance, the cosmetics players are the Company's first customers. By 2027,
the Company will be operating its innovative process in a large-scale plant. By
2030, the Company plans to become a leader in the huge emerging market for
sustainable aviation fuels, in order to fight against global warming. Global
Bioenergies is listed on Euronext Growth in Paris (FR0011052257 - ALGBE).
L'Oréal is its largest shareholder, with a 13.5% stake.
Contacts
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|newsletter/ | |Nicolas Merigeau |
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