Key Developments: Global Bioenergies SA (ALGBE.PA)

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Latest Key Developments (Source: Significant Developments)

Global Bioenergies SA appoints Francois-Henri Sahakian as Chief Financial Officer
Tuesday, 9 Sep 2014 12:04pm EDT 

Global Bioenergies SA:Announces the appointment of Francois-Henri Sahakian as Chief Financial Officer.  Full Article

Global Bioenergies SA granted patent to butadiene process
Monday, 28 Apr 2014 12:30pm EDT 

Global Bioenergies SA:Announces that SPTO has granted key patent relative to its butadiene process.Patent that protects step of Global Bioenergies’ process to produce bio-sourced butadiene has been granted on April 22, by USPTO, American intellectual property office, and registered under number 8,703,455.Butadiene is key petrochemical: approximately 10 million tons of butadiene are currently produced annually from oil.According to number of experts, shortage of butadiene is expected in coming years and alternative production routes are therefore indispensable.  Full Article

Global Bioenergies SA granted two patents in Australia
Monday, 24 Mar 2014 12:40pm EDT 

Global Bioenergies SA:Announces that Australian Intellectual Property Office has granted two patents that protect key steps of its process for converting renewable resources into isobutene.Each patent protects one essential enzymatic reaction of isobutene production pathway.Patents registered AU2009265373 and AU2010297362.  Full Article

Global Bioenergies SA partners with Audi on drop-in Biofuel
Tuesday, 21 Jan 2014 01:00am EST 

Global Bioenergies SA:Says the signature of a collaboration with the German car-manufacturer Audi on the development of isobutene-derived isooctane, a high performance biofuel for gasoline engines.  Full Article

Global Bioenergies SA Secures EUR 5.7 Million Grant to Proceed with Its Second Industrial Pilot in Germany
Wednesday, 20 Nov 2013 11:45am EST 

Global Bioenergies SA announced its decision to construct its second industrial pilot on the site of the Leuna refinery, close to Leipzig in Germany. This new pilot plant, to be supported by the German Federal Ministry of Education and Research (BMBF) through a EUR 5.7 million grant, should include a three year study at the Fraunhofer Center for Chemical-Biotechnological Processes (CBP). The pre-commercial pilot is designed for an isobutene production capacity of up to 100 tons per year.  Full Article

Global Bioenergies SA Announces Results of Capital Increase
Thursday, 11 Jul 2013 02:01pm EDT 

Global Bioenergies SA announced that it closed its capital increase launched June 27, 2013. There was a total order for 1.15 million ordinary shares amounting to approximately EUR 28.6 million and representing a subscription rate of 143%. The Company’s Chief Executive Officer has decided to fully exercise the extension clause. The operation’s final gross value therefore amounts to EUR 23 million and results in the creation of 927,419 new shares.  Full Article

Global Bioenergies SA Launches EUR 20 Million Capital Increase
Thursday, 27 Jun 2013 01:30am EDT 

Global Bioenergies SA announced that it is launching a EUR 20 million capital increase. The Company will issue 806,452 shares at a price of EUR 24.80 per share. The subscription period will run from June 27, 2013 to July 9, 2013. The is an extension clause allowing the Company to issue 15% more shares, which is a maximum of 120,967 new shares. The issue will take place by means of a public offer in France, as well as an institutional offer in France and abroad.  Full Article

Global Bioenergies SA to Receive EUR 5.2 Million State Financing Together with Arkema SA
Tuesday, 4 Jun 2013 12:13pm EDT 

Global Bioenergies SA announced that the industrial pilot testing of its isobutene process, scheduled for July 2013, will be supported by a EUR 5.2 million state financing via the Investissements d'Avenir program managed by the Commissariat General a l'Investissement. This project, led by Global Bioenergies SA, brings together Arkema SA, two CNRS laboratories and the companies ARD and Processium. Global Bioenergies SA is developing a process that converts renewable resources (sugar, cereals, agricultural and forestry waste) into isobutene, a key building block of the petrochemical industry from which plastics, elastomers and fuels are derived. This industrial pilot will be comprised of a 500 liter fermenter, which represents a yearly production capacity of 10 tons, and of a purification unit installed downstream of the fermenter which will allow the production of intermediate-purity isobutene batches. These will be transferred to Arkema SA for its own research. In the context of the collaborative project supported by the State, Arkema SA will develop a selective oxidation process adapted to the specifications of renewable products obtained by fermentation in collaboration with two CNRS laboratories, IRCELYON and UCCS. The State will contribute EUR 5.2 million over three years to this industrialization program, of which EUR 4 million will go to Global Bioenergies SA (one third as subsidies and two thirds as repayable advance).  Full Article

Global Bioenergies SA to Receive EUR 740,000 Financing from OSEO
Tuesday, 26 Mar 2013 01:00pm EDT 

Global Bioenergies SA announced that it will receive a new EUR 740,000 financing from OSEO, a French SME-funding state agency, to support the creation of an isobutene production strain compatible with industrial pilot testing. This is OSEO's third financing on the Company's program aiming at the conversion of renewable resources into isobutene. This financing comes in the form of a EUR 740,000 interest-free loan to be reimbursed from 2016 onwards.  Full Article

Global Bioenergies SA Changes Fiscal Year End Date
Wednesday, 13 Feb 2013 12:00pm EST 

Global Bioenergies SA announced that the last annual general meeting, held on December 6, 2012, has established December 31 instead of the June 30 as the new closing date for its fiscal year. The fiscal year ending on December 31, 2012 will cover only six months (from July 1, 2012 to December 31, 2012).  Full Article

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