Global Bioenergies announces the start of a new phase in its collaboration with Shell to develop low-carbon road fuels
January 17 2024 - 11:45AM
Global Bioenergies announces the start of a new phase in its
collaboration with Shell to develop low-carbon road fuels
PRESS RELEASE
Global Bioenergies announces the start of
a new phase in its collaboration with Shell to develop low-carbon
road fuels
Evry, 17 January 2024 – 05:45
p.m.: Global Bioenergies (FR0011052257 – ALGBE), a key
player in industrial biotechnology, announces that the company has
signed a new development contract with Shell Global Solutions
(Deutschland) GmbH (“Shell”) to further develop low carbon road
fuels. While the previous phases of the collaboration, starting at
the end of 2022, were dedicated to exploring different potential
options based on proprietary Global Bioenergies' technology, the
aim now is to focus on one specific route.
Marc Delcourt, co-founder and CEO of
Global Bioenergies, said: "This work paves the way for a
potential commercial exploitation of Global Bioenergies’ process
for this specific application”.
Matthias Mundt, General Manager Fuels
Tech Future Mobility Portfolio at Shell, added: "The
solution developed by Global Bioenergies is unique, and we are
looking forward to carrying on our collaboration. By combining the
experience of Shell with the innovation of a start-up, we are
looking to enable solutions to offer our customers more
lower-carbon products. These technologies can be a part of the
mosaic of sustainable components to support the energy
transition.”
About GLOBAL BIOENERGIES
Global Bioenergies substitutes products of
fossil origin with products of natural origin. In their quest for
naturalness without compromising on performance, the cosmetics
players are the Company's first customers. By 2027, the Company
will be operating its innovative process in a large-scale plant. By
2030, the Company plans to become a leader in the huge emerging
market for sustainable aviation fuels, in order to fight against
global warming. Global Bioenergies is listed on Euronext Growth in
Paris (FR0011052257 - ALGBE). L'Oréal is its largest shareholder,
with a 13.5% stake.
Contacts
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- Global Bioenergies announces the start of a new phase in its
collaboration with Shell to develop low-carbon road fuels
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