TAGS: Sustainability / Natural Cosmetics
Under Bpifrance’s “Première Usine” call for projects as part of the France 2030 plan, the French government has decided to help finance the project to build a plant capable of producing 10,000 tonnes of isobutene and derivatives per year.
The government will provide €16.4 million of non-dilutive funding in the form of a subsidy (60%) and a repayable advance (40%). The plant is due to start operating in 2027.
Allow the Industry to Increase the Naturalness of Its Formulas
The unique technology developed by
Global Bioenergies for producing isobutene from natural resources will allow the cosmetics industry to increase the naturalness of its formulas and the aviation industry to gradually reduce its dependence on oil, without sacrificing performance and without the need to adapt existing equipment and facilities.
Bruno Bonnell, secretary general for Investments in charge of the France 2030 plan, explained, “
Global Bioenergies has developed in France, an innovative process of global reach that offers a new solution for decarbonizing a range of industrial sectors. France 2030 aims to detect, de-risk, and support disruptive technologies.”
Marc Delcourt, co-founder, and CEO of Global Bioenergies, said,
“This support from the government is essential and represents the cornerstone of the overall financing arrangements for the plant, which we hope to finalize by mid-2024. Located in France, the plant will contribute towards adding value to the region’s abundant resources, reviving local industry and establishing a totally new economic sector.”
This project has been funded by the French government as part of France 2030. Funded by the European Union – Next Generation EU under the France Relance plan.
Source: Global Bioenergies
