28 October 2013
Details
Global Bioenergies
is developing a process to
convert renewable resources into hydrocarbons through fermentation.
The company initially focused its efforts on the production of
isobutene,
one of the most important petrochemical building blocks
that can be converted into
fuels, plastics, organic glass and elastomers.
Global Bioenergies
today announces that milestones has been reached
and that its partners has to decide to enter into
negotiations for a license agreement.
Global Bioenergies,
Thomas Buhl, Head of Business Development
- Two elements have certainly play a key role
in our partner's decision to exercise its options.
- Firstly the ability for our partner to gain in-depth knowledge of
our technology throughout our collaboration and
- Secondly the success of our recent Euro 23 million capital increase
to fund the industrialization phase of the bio-isobutene process.
- The decision is now open to determine
whether our respective strategies regarding
the exploitation of technologies can be aligned.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
