Global Bioenergies: changes to the Board of Directors
September 05 2019 - 11:36AM
Global
Bioenergies: changes to the Board of Directors
Evry
(France), 05 September 2019
Further to today's Annual General Meeting,
Global Bioenergies announced that BOLD Business Opportunities
for L'Oréal Development, now the largest shareholder following the
financing transaction of last June, was appointed an observer and
will sit on the Board of Directors.
Moreover, the venture capital company Seventure
Partners, historically speaking the first investor in Global
Bioenergies, has resigned from its functions as Company director,
effective today.
John Pierce, Chairman of the board of Global
Bioenergies, said: "Huge thanks to Seventure for their unfailing
support over the past ten years, and welcome to L'Oréal as we start
writing this new chapter. The challenge is now to transform our
process into industrial reality on a wide scale, firstly with
cosmetics and then with materials and fuels, so as to play our part
in improving sustainability and in reducing CO2 emissions, whose
effects on the climate are being felt more and more each day."
About GLOBAL BIOENERGIES
Global Bioenergies is the only company in the
world to have developed a conversion process for renewable
resources (residual sugars, agricultural and forestry waste) into
isobutene, one of the petrochemical building blocks that can be
converted into ingredients for cosmetics, petrol, kerosene, LPG and
plastics. Global Bioenergies continues to improve the performance
of its process, conducts trials on its demo plant in Germany and is
preparing the first full-sized plant in a Joint‐Venture with
Cristal Union. Global Bioenergies is listed on Euronext Growth in
Paris (FR0011052257 – ALGBE).
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Contact
GLOBAL BIOENERGIESMarc Delcourt
CEO Tel: +33 1 64 98 20 50 invest@global-bioenergies.com
- Global Bioenergies: changes to the Board of Directors
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