Global Bioenergies strengthens its cash position thanks to several cash inflows coming from public fundings

PRESS RELEASEGlobal Bioenergies strengthens its cash position thanks to several cash inflows coming from public fundingsEvry, 15 November 2023 – 05:45 p.m.:Global Bioenergies announces the strengthening of its gross cash position to 14.4 million euros to date (unaudited cash position), and the extension of its financial visibility until early 2025 through the collection of several non-dilutive financing from renowned partners (Bpifrance, ADEME and the European agency BBI-JU within...

Evry, 15/11/2023 (informazione.news - comunicati stampa - energia)

PRESS RELEASE

Global Bioenergies strengthens its cash position thanks to several cash inflows coming from public fundings

Evry, 15 November 2023 – 05:45 p.m.: Global Bioenergies announces the strengthening of its gross cash position to 14.4 million euros to date (unaudited cash position), and the extension of its financial visibility until early 2025 through the collection of several non-dilutive financing from renowned partners (Bpifrance, ADEME and the European agency BBI-JU within the framework of the Horizon 2020 research and innovation programme).

Global Bioenergies has recently received from these partners several fundings totalling €7.3M, under:

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.

Contacts

Attachment