Analyst Research Report Snapshot

Title:

GLOBAL BIOENERGIES - FRANCE AND GERMANY TO PART FUND INDUSTRIAL PILOTS

Price:

$10.00

Provider:

Edison Investment Research

Date:

14 Feb 2014

Pages:

6

Type:

AcrobatPDF

Companies referenced:

ALGBE.PA

Available for Immediate Download
Summary:

Global Bioenergies (GBE) has secured total funding of €10.9m from French and German state agencies for two industrial scale pilots. The €23m capital increase in July provided the internal resources to fund GBE’s investment, while enabling further progress with its butadiene and propylene processes and the start of further new programmes. For example, GBE announced a collaboration with car producer Audi in January, to develop isobutene-derived isooctane, a biofuel suitable for petrol engines. After the recent share price increase, we estimate the market is pricing in a 15% probability of successful isobutene development, at a 16% cost of capital.

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