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MarketScreener Homepage  >  Equities  >  Euronext Alternext  >  Global Bioenergies    ALGBE   FR0011052257

GLOBAL BIOENERGIES (ALGBE)
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GLOBAL BIOENERGIES: GLOBAL BIOENERGIES and AUDI renew their partnership in renewable gasoline

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07/12/2018 | 05:42pm CEST
GLOBAL BIOENERGIES and AUDI renew their partnership in renewable gasoline
Evry (France), 12 July 2018 - Global Bioenergies (Euronext Growth: ALGBE) and
Audi announced today the signing of a new agreement focused on the
implementation of residue usage, preparation of a path to commercialization and
engine testing of new blends.
Following the completion of a first series of engine testing and significant
progresses of the isobutene bioproduction process, the two companies have agreed
to start a new program. The first focus will be the regulatory landscape
associated with the conversion of various non-food residue feedstocks (for
example wheat straw and wood chips) into renewable gasoline. Another workpackage
is dedicated to the preparation of the path to commercialization with third
parties. Shipment of a renewable gasoline batch to Audi is also part of the
program in order to perform further engine testing.
Marc Delcourt, CEO of Global Bioenergies, states: "Our renewable gasoline
combines a global environmental benefit, namely CO(2) savings, with the
reduction of particles formed in the combustion chambers. Thus such product is
an interesting solution to cope with the Paris GHG targets and the severe
emission limitations for passenger cars."
Global Bioenergies' renewable gasoline can be blended in high proportion (over
30%) into fossil gasoline. The mix is suitable for any gasoline engine and
therefore interoperable with existing car fleets, without any need for
modification. Its large scale commercialization will not require any specific
storage nor distribution infrastructure, thus creating an efficient option for
countries in their efforts to meet their CO(2) reduction targets, and for cities
willing to improve their air quality.
Reiner Mangold, head of sustainable product development at Audi, adds: "The
recent developments at Global Bioenergies support our vision that e-gasoline
might be a game changer in the objective to reduce the GHG emissions in the
transport sector in a fast and complete way."
About GLOBAL BIOENERGIES

Global Bioenergies is one of the few companies worldwide, and the only one in
Europe, that 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 continues to improve the performance of its process, to
operate its demo plant in Germany, and to prepare the first full-scale plant
through a joint venture with Cristal Union, named IBN-One. Global Bioenergies is
listed on Euronext Growth Paris (FR0011052257 - ALGBE)

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Contact

GLOBAL BIOENERGIES
Luc Mathis
Chief Business Officer
Tel: +33 1 64 98 20 50
invest@global-bioenergies.com
GLOBAL BIOENERGIES PRESS RELEASE:
http://hugin.info/166909/R/2204992/856460.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: GLOBAL BIOENERGIES via GlobeNewswire

© InPublic, source European Press Releases

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News from SeekingAlpha
2017Global Bioenergies reports 1H results 
2017Global Bioenergies reports FY results 
Financials (€)
Sales 2018 2,50 M
EBIT 2018 -16,9 M
Net income 2018 -14,1 M
Debt 2018 8,47 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 23,8x
EV / Sales 2019 13,6x
Capitalization 51,1 M
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Number of Analysts 4
Average target price 33,9 €
Spread / Average Target 200%
EPS Revisions
Managers
NameTitle
Marc Delcourt Chief Executive Officer & Director
John Pierce Chairman
Frédéric Pâques Chief Operations Officer
Samuel Dubruque Chief Financial Officer
Macha Anissimova Chief Scientific Officer
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