Global Bioenergies and IBN-One receive 3.1 M€ to move forward on its renewable isobutene plant project
Type of post: NEWS IN BRIEF.
A short update about IBN-One, a joint venture established
in 2015 by Global Bioenergies
and Cristal Union to build and
operate the first plant in France converting renewable feedstock into
isobutene. Global Bioenergies and IBN-One will receive 2.6 and 0.5 M€ respectively
in the form of repayable advances to move forward on the plant project.
Press release: “€3.1 million from ADEME to move forward on the IBN-One plant project”, 26/9/2019.
Related posts:
- “IBN-One
– A Joint Venture to build a bio-isobutene plant”, 16/6/2015.
Figure 1. Global Bioenergies demo plant in
Leuna (extracted from the company website)
The funding was released the achievement of a
technical and financial milestone last July in the ISOPROD project funded by
the French Environment and Energy Management Agency (ADEME), which involves
Global Bioenergies, Cristal Union and L’Oréal. According to the press release, the
engineering studies are progressing, and the venture is working at precisely
defining the market opportunities for the renewable isobutene. The plant’s
business plan is now focused on the field of cosmetics for natural ingredients and
displays a very high profitability. It is expected that the financial plan is
closed by the summer of 2020.