French renewable energy firm Global Bioenergies has completed a \u20ac6.5m private placement with French and international investors. The proceeds of the placement will be used to further the development of its isobutene process and to launch commercial roll-out.<\/p>\n
The company placed 274,931 new shares at a par value of \u20ac0.05 per share, at a unit price of \u20ac23.70, including share premium, for a total of approximately \u20ac6.5m amounting to 9.6% of the company’s share capital.<\/p>\n
The stake of a shareholder with 1% of the Company’s share capital prior to the issue will be brought to 0.91%.<\/p>\n
Speaking about the private placement, Marc Delcourt, CEO at Global Bioenergies, said: “The success of this transaction demonstrates investors’ confidence in our corporate strategy. The proceeds of the placement increase the company’s unaudited cash to \u20ac16.5m. They will enable the company to fully transition into the commercial phase “.<\/p>\n
The news comes as the firm recently announced that it was entering a renewed collaboration agreement with car giant Audi to promote the development of biofuels.<\/p>\n
Earlier this year, Global Bioenergies delivered its first batch of isobutene-derived isooctane (using biomass products such as wood chips), a premium drop-in fuel for gasoline engines to Audi.<\/p>\n
Global Bioenergies produces isobutene via its pilot plant located on the agri-business site of Pomacle, France. The isobutene is then shipped to Germany and converted into isooctane.<\/p>\n","protected":false},"excerpt":{"rendered":"
French renewable energy firm Global Bioenergies has completed a \u20ac6.5m private placement with French and international investors. The proceeds of the placement will be used to further the development of its isobutene process and to launch commercial roll-out. The company placed 274,931 new shares at a par value of \u20ac0.05 per share, at a unit […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[6843,5842],"supplier":[774,1534],"class_list":["post-32007","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biochemicals","tag-biomass","supplier-audi-ag","supplier-global-bioenergies"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/32007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=32007"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/32007\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=32007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=32007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=32007"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=32007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}