The French government, via the "First plant" call for projects launched by Bpifrance as part of the France 2030 plan, will contribute to the financing of the 10,000-ton-per-year isobutene and derivatives plant project with non-dilutive financial support of €16.4 million, in the form of a grant (60 %) and a repayable advance (40 %). The plant, designed by Global Bioenergies, a specialist in the conversion of plant resources into chemical compounds, is scheduled to come on stream in 2027.
The unique technology developed by Global Bioenergies, enabling isobutene to be produced from natural resources, will enable the cosmetics industry to enhance the naturalness of its formulas, and aviation industry players to gradually move away from their dependence on oil, without compromising performance and without the need to modify existing equipment and facilities.
Bruno Bonnell, General Secretary for Investment, in charge of France 2030, explains: "In France, Global Bioenergies has developed an innovative process of worldwide scope, representing a new decarbonation solution for various industrial sectors. France 2030 aims to detect, de-risk and support breakthrough technologies."
Marc Delcourt, co-founder and CEO of Global Bioenergies, comments: "This support from the French government is essential, and forms the basis for the overall financing of the plant, which we expect to complete by mid-2024. This plant, which will be located in France, will contribute to the development of abundant local resources, the reindustrialization of the region and the creation of a completely new industry."
