Analyst Research Report Snapshot

Title:

GLOBAL BIOENERGIES - CAPITAL RAISING LAUNCHED FOR INDUSTRIAL PILOT

Price:

$10.00

Provider:

Edison Investment Research

Date:

05 Jul 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

ALGBE.PA

Available for Immediate Download
Summary:

Global Bioenergies (GBE) has announced funding for the two stages of industrial pilot testing of its proprietary process for producing isobutene from renewable sources. On top of a proposed €20m capital increase it will receive €4m from French state sources, out of a €5.2m package, in alliance with Arkema and the Centre National de la Recherche Scientifique (CNRS). The capital increase will cover the remaining cost of the first pilot, plus the estimated €15m capex requirement for the second pilot. Management is currently exploring prospective sites and industrial partners for the second pilot, with more details expected to be announced in H114.

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