Cristal Union and Global Bioenergies create JV for bio-isobutane plant in France

In France, Cristal Union and Global Bioenergies have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene. IBN-One is a société anonyme (limited liability corporation) with share capital of EUR1,000,000, jointly owned by Cristal Union and Global Bioenergies.

Ahead of IBN-One’s formation, Global Bioenergies and Cristal Union conducted a preliminary design study at several potential industrial sites. Initially, IBN-One will carry out a detailed project study covering technical, regulatory, commercial and financial aspects to flesh out the project planned in France.

Global Bioenergies has granted IBN-One a non-exclusive license to use its isobutene process for a 50,000 tonne capacity plant to be located in France.