Global Bioenergies has received letters of intent for its plant project corresponding to forecasted annual sales of over €70 million - Seite 2

Industrial aspect:

Concurrently with commercial development and under the supervision of Roland Desvignes, Industrial Director of Global Bioenergies, the engineering teams have finalised the first plant layouts. The plant will be divided into five zones: isobutene production by fermentation, purification of isobutene, conversion into isododecane and isohexadecane, effluent management and energy management. Based on these layouts, the total construction cost of the plant (including hazards) has been estimated at nearly €80 million. As a reminder, the French government had already announced its support for the project at the end of 2023 with the allocation of €16.4 million in public aid via the "First Plant" call for projects conducted by Bpifrance as part of the France 2030 plan².

The timetable for the design and construction of the plant has also been specified. The so-called "basic engineering" phase will be completed at the end of May 2024, and will be followed by a "front end engineering design" phase in the second half of 2024. This phase will define all the facilities to be integrated on the selected site. A phase of detailed studies and appraisal of permit applications will begin in early 2025. This will be followed by the construction phase of the plant itself, which will involve the main CAPEX outflows, and will be completed in 2027.

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.

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